THE Reserve Bank may cut interest rates again by Christmas, after deciding to lower the cash rate by 100 basis points for the first time in 16 years, economists said
THE share market rebounded to close almost 2 per cent higher after the Reserve Bank of Australia (RBA) slashed the cash rate by 100 basis points, to 6 per cent
AUSTRALIA`S biggest mortgage lender Commonwealth Bank has reduced its standard variable home loan rate by 80 basis points to 8.53 per cent, passing on most of the Reserve Bank`s cut in the cash rate
THE dollar closed at a two-year low as fears of global financial meltdown pushed the currency lower, despite the market receiving a small bounce from a surprisingly large rate cut by the central bank
GOVERNMENTS and central banks do not understand markets, so it is "foolish" to trust them to resolve the current global financial crisis, British rogue trader Nick Leeson said
No end in sight ... despite a co-ordinated effort by the world`s central banks to cut interest rates, global share markets continued their downward spiral overnight / file
IT may be signed but the $US700 billion bailout of financial markets will be met with bearish scepticism when local markets open today
