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Interest rate cut nearly inevitable

June 27, 2018
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ALMOST 750,000 Australians should soon experience their firstdecreased mortgage payment with the Reserve Bank certain to reduceinterest rates today. (Sydney Morning Herald — 2 September, 2008)
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First cut in seven years – Brisbane Times (The Brisbane Times — 2 September, 2008)
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THE long-awaited interest rate cut given to homeowners yesterday is unlikely to be the last this year as the Reserve Bank warns of a slowing economy for some time yet. (Sydney Morning Herald — 15 hours ago)
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Two million households get some cheer but dollar’s fall could wipeoff gains. – Brisbane Times (The Brisbane Times — 9 hours ago)
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MOMENTUM is building within the Liberal Party to replace theleader, Brendan Nelson, with Malcolm Turnbull by the end of themonth should Peter Costello decide to leave politics. (Sydney Morning Herald — 2 September, 2008)
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AUSTRALIA is entering a new era of consecutive interest rate cutsover the next two years, but it won’t produce a renewed housingboom, according to one of the nation’s leading economists. (Sydney Morning Herald — 31 August, 2008)
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The Reserve Bank gives mortgage borrowers their long-awaited rate relief with a 25 basis-point cut. (Sydney Morning Herald — 2 September, 2008)
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Australian banks and lenders will have no excuse not to followWizard Home Loans’ lead and cut interest rates. (Sydney Morning Herald — 31 August, 2008)
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THE Reserve Bank of Australia has tentatively released the brakes on economic activity, saying inflation should ease despite remaining pockets of strength. (The Brisbane Times — 26 minutes ago)
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