RBA Takes Out Insurance Policy

The Reserve Bank of Australia (RBA) has taken out an insurance policy against a potential global economic disaster by slashing official interest rates for a second successive month, says leading mortgage brokerPriority Lending. Priority Lending Corporate Spokesman Paul Smith said the RBA lowering its cash rate from 3.75 per cent to 3.50 per cent highlighted its…

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More RBA Stimulus Needed

The consumer response to the latest interest rate cut by the Reserve Bank of Australia (RBA) has been modest and further stimulus is needed, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the RBA lowering its cash rate on May 1 by a half percentage point to 3.75 per cent…

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