RBA lowers interest rates to 3 percent

By Jessica Stanic · 7 April 2009 · Locked

Full details: RBA lowers interest rates to 3 percent

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Summary

In its board meeting today, the Reserve Bank of Australia lowered interest rates for the fifth consecutive time since October of last year, by 25 basis points, taking the interest rates down to 3 percent. RBA Governer Glenn Stevens said in a statement that the interest rates were lowered as a result of a deteriorating […]