Hot Penny Stocks » aussie interest rate cuts http://www.penny-hopefuls.com Hot stock market penny stocks and Small Cap stocks Wed, 28 Jul 2010 23:22:13 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 RBA cuts rate to 5.25pc http://www.penny-hopefuls.com/perth/rba-cuts-rate-to-5-25pc/ http://www.penny-hopefuls.com/perth/rba-cuts-rate-to-5-25pc/#comments Tue, 04 Nov 2008 04:53:00 +0000 Trader tag:blogger.com,1999:blog-5674498504032806696.post-932527815186762860
The Reserve Bank of Australia has implemented a cutting of interest rate to 5.25 percent as it tries to prevent the falling of Australian economy.

October was the worst month for stocks since the crash of 1987, with about $160 billion wiped off the Australian share market alone.

''Global equity prices have been volatile and fell further in net terms, and there have been significant exchange rate movements, including a sharp depreciation of the Australian dollar. A number of governments have announced measures to strengthen their financial systems, which should help to stabilise conditions over time,'' the RBA said.

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