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Ben Kingsley Blog post by Ben Kingsley

RBA Rates Decision – February 2009

Following its first board meeting of the year, the Reserve Bank has slashed interest rates by 1 full basis point bringing the cash rate down to just 3.25%

This is the 4th consecutive cut since September last year bringing the cash rate down a total of 3.75 basis points in just 5 months – the most dramatic drop in history.

Let’s wait and see what each bank/lender does in passing on the full cut or not?

 

(Those people reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decision about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. I recommend you speak to one of our licensed professionals before taking any action with your financial affairs.)

 

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