Cash rate dropped!

May 05, 2015
Steve Hodgkinson

The Reserve Board at its meeting today has decreased official interest rates by 0.25% to 2.00%.

Glenn Stevens, Governor of the Reserve Board noted that while the global economy is expanding at a moderate pace, commodity prices in Australia have declined over the last 12 months. Specifically it was noted that Australia's terms of trade are falling.

Posted in: Interest rates

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