Fine-tuning Its Monetary Policy, RBA Slashed Interest Rate by 25 bps to 3%
Filed Under (Forex technical) by on 07-04-2009
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The RBA announced to cut interest rate by 25 bps to 3% today, the lowest level in 49 years. The decision was against market expectation that the central bank will keep things on hold in April. Main reasons for the reductions were further deterioration in global and domestic economic outlooks,…
Original post by http://www.forex-registry.com/forex-articles and software by Elliott Back
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