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The federal opposition says the Reserve Bank of Australia (RBA) has some explaining to do, having misread the economy and inflation over the past year. Opposition finance spokesman Joe Hockey said the bank was cutting rates...
The Reserve Bank of Australia has cut official interest rates by 100 basis points to 6 percent in an effort to shield the Australian economy from further fallout from the global financial crisis. However, most analysts have...
Westpac has announced it will pass on an 80 basis point cut to borrowers, after the Reserve Bank of Australia slashed interest rates by one percentage point because of the severe international financial conditions.
