The Reserve Bank of Australia has cut the official cash rate for the first time in four months. At its monthly Board meeting, the Reserve Bank decided it was prudent to cut the cash rate from 3.5 per cent to 3.25 per cent in a bid to stimulate buyer confidence. According to the index, inflation rose just 0.2 per cent in September, following a 0.6 per cent rise in August.
Interest rates changed on Oct 12, 2012
Comments are closed.
Comments are closed.