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Posts tagged as “Bernie Fraser”

Reserve Bank Cuts Interest Rates By 0.5%

The Reserve Bank of Australia has cut the cash rate by 50 basis points, or 0.5%, to 3.75%.

The decision, predicted last night by former RBA Governor Bernie Fraser, takes interest rates back to where they were in December 2009.

Treasurer Wayne Swan, Shadow Treasurer Joe Hockey and Australian Chamber of Commerce and Industry Chief Executive Peter Anderson have all commented on the rates decision.
Malcolm Farnsworth
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