Seeking Alpha

As largely expected, the RBA reduces its key interest rate by 25 bps to 3%, the lowest since the...

As largely expected, the RBA reduces its key interest rate by 25 bps to 3%, the lowest since the financial crisis in 2009, with the move reflecting the strong Australian dollar, wage pressures, projected mining investment and high unemployment. However, it's worth noting that country's four largest lenders have not passed on about a quarter of the RBA’s 1.5 percentage points of cuts since November last year.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|