Stop Press: RBA has done it again!
Official Interest Rate cut 0.25%...now 0.75%!
Guess who's stuffed, yet again?
* Pensioners
* Anybody with money in a bank
* Those 2m Aussies suffering wages theft
* Those with Debt
* Home Owners with Mortgage: banks will not pass on full rate cut!
Summary: banks can now borrow from RBA at 0.75%, charge 21.49 % (Westpac) Interest on Credit Cards.
Last cut didn't work. No reason to believe this will stimulate the economy either...
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- Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!
Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!, page-53
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