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monetary policy

Thumbnail image for Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

The Reserve Bank of Australia has decided to put rates on hold for another month. Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes provides commentary regarding Australia’s official rate of 3% being the highest in the OECD.

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Bank of England Cuts Interest Rates to Lowest Since 1955

The economic storm is penetrating every corner. The Bank of England’s Monetary-Policy Committee (MPC) has pulled of shock when most thought there are almost no surprises left: it has cut UK interest rates by 1.5% leaving them now at 3% – the lowest level since 1955. The boldness should be commended, although it clearly demonstrates […]

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Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Continued: Part 2 of a 2 Part Report The massive decrease in housing sales volumes has decimated State Government budgets as they lose hundreds of millions of dollars in would be stamp duty revenue. The flow on effect through to builders, other trades people, real estate agents and so many others throughout the economy is […]

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Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Part 1 of a 2 Part Report (read Part 1) Yesterday’s rate cut of 75 basis points 0.75%) was the right decision by the Reserve Bank of Australia (RBA). Fifty points (0.5%) definitely would not have been enough after the release of some of the worst economic data in many years. I had predicted in […]

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Breaking News: Australian Interest Rates Cut

Finally the pressures upon Australians will be eased and we have a reason to look positively at the property market in 2008. As commented yesterday by Simon Turner in his Word on the Street article, The Reserve Bank of Australia at 2.30pm today announced that they would cut interest rates by 0.25% (25 basis points). […]

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