| Source: | ABC News |
|---|---|
| Published: | Tuesday, October 7, 2008 3:06 AEST |
| Expires: | Monday, January 5, 2009 3:06 AEST |
The Reserve Bank of Australia has cut interest rates by a shock 1 per cent for the first time because of the severe conditions in international markets.
Former RBA boss Ian Macfarlane blames the global financial "mess" on bonus-hungry executives.
It is time to pay our politicians properly, says former Liberal MP Bruce Baird.
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AEDT = Australian Eastern Daylight Time which is 11 hours ahead of UTC (Greenwich Mean Time)
