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RBA shocks with 50bp cut

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Australian Broker | 01 May 2012, 08:00 AM Agree 0
The RBA has bettered expectations today in choosing to cut the official cash rate by 50bps
  • Louise Jealous-Bennett | 01 May 2012, 02:37 PM Agree 0
    Let's hope the banks pass it on.
  • David Gawthrop | 01 May 2012, 02:40 PM Agree 0
    Is this really a shock? It was widely predicted by a lot of economists in the last couple of days, weeks even, that for the RBA to have the necessary effect it would have to drop rates 50 points in the hopes that the bank's would pass on some rate cut.

    It's good news, but not a shock.
  • John C | 01 May 2012, 02:46 PM Agree 0
    Still not enough to stimulate the poorer and major part of the economy
  • Damien | 01 May 2012, 02:51 PM Agree 0
    Meaning an extra 20 basis points profit for the banks!
  • Grant | 01 May 2012, 04:27 PM Agree 0
    Not bad, but let's see what effect it has on the those banks fixed rates???
  • Grant | 01 May 2012, 04:31 PM Agree 0
    Fixed rates - what's you're guess?
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