RBA slashes cash rate to 2.75 percent
By Staff Writer · 7 May 2013 · Locked
By Staff Writer · 7 May 2013 · Locked
The Reserve Bank has made a surprise move, slashing the cash rate to a new low. But what does this mean for your mortgage, savings, and the economy?
The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.
Tags: Australian interest rates, Economic Climate, Economic Growth, Interest Rates, interest rates unchanged, Rba