Australia RBA cut the cash rate by 1 % to 6.0 per cent
By puspita • Oct 11th, 2008 • Category: NewsMarket expectations was 0.5%.
STATEMENT BY GLENN STEVENS, GOVERNOR
MONETARY pOLICY
At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.
Conditions in international financial markets took a significant turn for the worse in September. Large-scale financial failures in several major countries were accompanied [...]
