Tuesday, November 1, 2011

Australian Interest Rates - lower

Outlined in this post in June was an anticipation of lower interest rates for the medium term. From the RBA web site today....

"At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent, effective 2 November 2011"

I'm yet to check the 90 day cash rate upon typing this post, but I wonder if it has dropped prior to the RBA decision, thus forcing the RBA to lower it's cash rate target. Will check later :-)

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