RBA cuts its interest rate by .25%

Australian Federal, State and Local Politics
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Jovial Monk

RBA cuts its interest rate by .25%

Post by Jovial Monk » Tue Apr 07, 2009 3:35 pm

to 3% IIRC

Doubt we will see many more--we are at zero level in terms of interest rate cuts having much effect.
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TomB
Posts: 615
Joined: Wed Nov 26, 2008 11:04 pm

Re: RBA cuts its interest rate by .25%

Post by TomB » Tue Apr 07, 2009 8:52 pm

Shouldn't have bothered, half the banks are just going to boost profit with it.
You vote, you lose!
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Jovial Monk

Re: RBA cuts its interest rate by .25%

Post by Jovial Monk » Tue Apr 07, 2009 10:10 pm

yeah. a pointless move.
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Rainbow Moonlight
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Joined: Tue Jun 24, 2008 5:23 pm

Re: RBA cuts its interest rate by .25%

Post by Rainbow Moonlight » Wed Apr 15, 2009 1:29 pm

I heard reports it is likely they will cut more next time. If banks can affor dit, and it seems they can, then they should pass on the full cut. At least they are passing on some of it.
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