RBA announces interest rate cut
By Rhiannon Sawyer · 4 December 2012 · Banking
By Rhiannon Sawyer · 4 December 2012 · Banking
The Reserve Bank of Australia has made a surprise move, slashing interest rates just before Christmas. But what does this mean for your finances and the economy?
The RBA has announced an interest rate cut of 25 basis points, down to 3.0 percent, prior to Christmas.
Tags: christmas shopping, Christmas spending, Home Loans, increase in Christmas shopping, Interest rate, interest rate cut, interest rates Australia, news on the RBA interest rate cut