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Reserve cuts rates by 0.25%

August 22, 2018
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The Reserve Bank has cut official interest rates by 0.25%, thefirst cut in seven years, while banks under pressure to pass onsavings to borrowers. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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Reserve Bank expected to announce 0.25% cut to official interestrates at 2.30pm, with banks under pressure to pass on savings toborrowers. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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Update Major banks agree to pass on 0.25% ratecut. – Brisbane Times (The Brisbane Times — 23 hours ago)
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Australia is entering an era of interest rate cuts, but it won’tproduce a new housing boom, according to a leading economists. – Brisbane Times (The Brisbane Times — 1 September, 2008)
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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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June quarter surprise – Brisbane Times (The Brisbane Times — 3 hours ago)
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Economists say a combination of a slowing economy, deterioratingbusiness conditions and tight credit markets will ensure thecentral bank cuts interest rates this week. – Brisbane Times (The Brisbane Times — 31 August, 2008)
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MORTGAGE greed could collectively cost home loan customers almost$3.4 million a day for every day the big five banks delay passingon any anticipated interest rate cuts. (Sydney Morning Herald — 2 September, 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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LENDING to Australian consumers and businesses rose at the slowestannual pace in six years in July, reinforcing the Reserve Bank ofAustralia’s view that the economy is cooling enough to cut rates. (Sydney Morning Herald — 29 August, 2008)
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