Article released on bloomberg on the back of the RBA minutes released this morning.
"The Reserve Bank of Australia made its deepest interest-rate cut in three years to help revive below-average growth, counter rising mortgage costs and shore up consumer confidence, minutes of its May 1 meeting showed." - Bloomberg
The move was definitely warranted, I think its obvious to most Australian's, particularly Victorians that some level of stimulation is required in order to see us thrive over the coming months.
Check out my Bank Exchange Rate blog
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