The Reserve Bank of Australia has cut the benchmark interest rate by 25 basis points to 3.5%, effective 6 June 2012.
The reduction was in line with economists’ expectations and follows a cut of 50 basis points last month.
More to come …
X
"I share market commentary on TV, radio, and on
Start Trial
Free for 21 days Subscribe Now
and find out more
"I share market commentary on TV, radio, and on
Switzer Daily, but for Subscribers I tell them
EXACTLY how I’m investing my money, and I hold nothing back!"
Start TrialFree for 21 days Subscribe Now
and find out more
