RBA cuts rates in time for Christmas, banks follow suit

By Lorna Brett · 2 November 2011 · Economy

RBA cuts rates in time for Christmas, banks follow suit

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Summary

The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points yesterday, taking the cash rate down to 4.5 percent in time for the all important Christmas season.

Tags: Australian Retailers Association, Bank of Queensland, cash rate, Commonwealth Bank, Glenn Stevens, interest rate cut, Interest Rates, Rba