Slowing growth brings about rate cut
By Lorna Brett · 2 October 2012 · Economy
By Lorna Brett · 2 October 2012 · Economy
The Reserve Bank of Australia has made a surprise move, cutting interest rates in response to slowing growth. But what does this mean for your wallet and the economy?
The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.
Tags: Australian interest rates, Economy, Interest Rates, official cash rate, Rates, Rba, Reserve Bank of Australia