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Monthly Archives: October 2009

RBA Raises Interest Rate by 0.25%p.a.

October 6, 2009 in Latest News

The Reserve Bank of Australia has announced an increase of 0.25% to¬†Official Cash Rate. This increase by the RBA is considered to be a “Vote of Confidence” for the Australian Economy with all the signs indicating that Australia is well on it’s way out of the GFC (Global Financial Crisis). Read more