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Reserve Bank cuts interest rates to historic low of 1.25 per cent

 · U.S. stocks closed lower Friday, giving up earlier gains following a report that said Federal Reserve officials would cut interest rates by a quarter percentage point rate cut at the end of the.

Banks have been quick to drop interest rates on savings accounts but many have dragged their heels on passing on mortgage decreases.

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The Reserve Bank of Australia, which hasn’t budged on the cash rate in nearly three years, cut interest rates at its monthly meeting today. The official cash rate has dropped to a new record low of.

The Reserve Bank of Australia has cut interest rates bringing it to a historic low of 1.25 per cent. Today the RBA announced it will drop the.

The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. RBA cuts rates to support jobs growth in the face of rising unemployment ANZ is.

The U.S. central bank will most likely trim its target on the federal funds rate by one-quarter of a percentage point, to a range of 2 per cent to 2.25 per cent. This has some wondering if the Bank of Canada will follow suit. Report on Business Potential Fed interest rate cut over rising trade-war risks gives Bank of Canada much to consider.

The Reserve Bank has made the historic move of cutting interest rates to an all-time low of 1.25 per cent, ending weeks of frenzied speculation.

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The Reserve Bank has done it again, cutting the cash rate by 0.25 per cent today to a new record low of one per cent, hot on the heels of last month’s cut. Key for the bank’s board is both.

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The Reserve Bank has cut interest rates by 25 basis points to a new record low of 1.25 per cent in what is the first movement in cash rates since August 2016. The announcement comes as no surprise, with the majority of experts and economists expecting the Reserve Bank would make its first move in nearly three years just weeks after the Federal Election on 18th May.

The Reserve Bank of Australia has cut official interest rates to 1 per cent, the lowest level on record, as it tries to boost the economy enough to drive down unemployment and lift wages.

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