Thursday, Oct 16, 2008
FINANCIAL markets are tipping a 2.25 percentage point cut in official interest rates by Easter
australian: RBA plans drastic rates cut as world markets tumble
"Markets expect the Reserve Bank to cut interest rates aggressively to less than 4 per cent within six months," he said. The futures markets expect the Reserve Bank to cut rates at its November meeting on Melbourne Cup day and at its final meeting for the year in December, with reductions totalling 1.25 per cent, bringing the cash rate down to 5.5per cent.
Posted by big chris @ 05:15 PM (128 views) Add Comment
1 Comment
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1. planning4acrash said...
Poor old Australia. They've literally been strip mined of their resources by globalism, whilst the people have to put up with inflated prices, rationing of the massive supplies of energy with higher prices than they should be. The country took on way too much debt to resource serve the world, so its suffering more than most. Aussie dollar plunging even against UK Sterling! And Aussie politicians have the cheek to be promoting one child policy on the basis that 20million aussies are capable of saving the planet by having less kids, whilst the country is flooded with immigrants! Total lies and nonsense. As said before, this is done to avoid having to put state money into education and pensions. So they can spend it on corporatism and military. Corporations benefit because their taxes go further educating people in third world countries where education is cheaper. It really is that basic folks. Total greed, total domination.
They should be strung up. To be fair tho, many Aussies don't know their ass from their elbow, when it comes to politics, and are more concerned about race wars on Sydney Beaches or the Rugby games, with no idea in the world that they are sleep walking into great tyranny. They have a government that is bringing them down to the level of other Pacific Rim counry's in preperation for a pacific rim union. Total tyranny, and no Aussie will benefit. All the resources, grain, coal going abroad, Australia has lost more manufacturing even than the UK!!!! It should be the richest country on the planet, absolute shame and pitty, but the Aussie people need to wake up to this. Unfortunately they are very well conditioned into seeing their rulers as malevolent. A rude awakening and cold ice bath on the way. Great shame.