Interest rates hit 53 year lows

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The Reserve Bank Board has cut interest rates by 25 basis points to 2.75 per cent. Equivalent official interest rates were last at these levels in 1959/60.The next RBA Board

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CommSec Investor Snapshot: Interest rates are low, but how low?

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Reserve Bank Board makes its decision today: Most economists expect no change in interest rates. How low are interest rates? Currently the official cash rate stands at 3.00 per cent

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One-minute update: subdued business inflation paves way for a rate cut

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The broad measure of business inflation – the producer price index (PPI), or final stage prices, – rose by 0.3 per cent in the March quarter to stand 1.6 per

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Lack of building raises possibility of an interest rate cut

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Dwelling approvals fell by 5.5 per cent in March, after rising by 3.0 per cent in February. Approvals are up 3.9 per cent over the year. House approvals fell by

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Reserve Bank: Watch, wait, analyse

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The minutes of the April 2 Reserve Bank Board meeting concluded: “Overall, recent data suggested that interest-sensitive parts of the economy were responding to the historically low levels of lending rates

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Interest rates: stability reigns

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The Reserve Bank Board has left the official cash rate at 3.00 per cent for the fourth straight month. The next RBA Board meeting is on May 7 2013. The

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AMP Bank reduces interest rates on standard fixed term home loans

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AMP Bank has reduced its interest rate for its one year standard fixed term home loans by 50 basis points to 4.99 per cent per annum. Interest rates have also

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Savers & borrowers cheer stable rates

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The Reserve Bank Board has left the official cash rate at 3.00 per cent for the third straight month, so both borrowers and depositors have reason to cheer another month

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High Aussie dollar has led to lower interest rates

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The Reserve Bank Governor has delivered testimony to the House of Representatives Economics Committee. The Governor says that the economy in 2012 was growing close to trend or average but

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RBA: Comfortably on the interest rate sidelines

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Minutes of the February Reserve Bank Board meeting suggest Board members were very comfortable to keep interest rates on hold. Reserve Bank Board members discussed the improving global economic conditions

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