RBA Cuts Interest Rates by 25bps! Positive for Equity markets.. Albeit priced in..
The Reserve Bank of Australia has cut the official cash rate to an unprecedented 1.5% to maintain downward pressure on the currency and spur sluggish inflation and business investment. As was forecast by most analysts, the board lowered the cash rate by 0.25 of a percentage point from 1.75% on Tuesday. Interestingly the ASX SPI Futures jumped 20pts and is now winding back.. A case of buy the rumour & sell the fact???!!
James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu...
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