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RBA reduces cash rate by 25 basis points

Posted by medicalfinancial on 5 June 2012

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 3.50 per cent, effective 6 June 2012.

Neal Durling from Medical Financial Planning said, it would appear that despite the US continuing to grow at a moderate pace, recent indicators are suggesting a weakening in Europe and   moderation of growth  in China. When combined with modest growth domestically the outlook for inflation would appear to have given the Reserve Bank room to take a more accommodative stance on monetary policy settings.

Author: medicalfinancial
Tags: News

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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)