Reserve Bank signals rate cuts
| Source: | Lateline Business |
|---|---|
| Published: | Tuesday, August 5, 2008 9:48 AEST |
| Expires: | Monday, November 3, 2008 9:48 AEST |
Australian markets are already factoring in a drop in official interest rates. The Reserve Bank today kept the rate at 7.25 per cent, but economists say it is clear the next move will be down.
