BREAKING NEWS: Reserve Bank cut official rates by 1% to 4.25%
Tuesday, December 2, 2008/
The Reserve Bank board will meet this afternoon for the final time in 2008, and most commentators are expecting another big cut to official interest rates.
The Reserve Bank has cut the official interest rate by 100 basis points to 4.25%, the lowest point since May 2002.
It is the fourth consecutive rate cut in as many months, as the bank attempts to cushion the slowing economy from recession.
The bank has now slashed 3% from the official cash rate in the past three months.
The move has surprised the market, with an AAP survey of 18 economists revealing the majority believed the bank would cut the official cash rate by 75 basis points.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder