Reserve Bank Cuts Interest Rates Again

December 06, 2011
Phillip Stabile

The Reserve Bank has again cut interest rates by 0.25 per cent.

This is the second rate cut in 2 months and good news for mortgage holders. A welcomed Christmas present and now the pressure will be on the banks to do the same.

The rate cut drops the official cash rate to 4.25%.

Posted in: Interest rates

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