Reserve Bank of Australia cuts rate by 100bps strenghtens AUD

Yesterday’s post on Australia and New Zealand cut expectations came true for the RBA. The Reserve Bank of Australia announced a 100 basis points cut. The official cash rate is now 4.25%.

Originally posted here:
Reserve Bank of Australia cuts rate by 100bps strenghtens AUD

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This entry was posted on Tuesday, December 2nd, 2008 at 3:30 am and is filed under Forex, Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.