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Reserve Bank of Australia: Official Cash Rate Stays at 2.5%

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

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Between November 2011 and August 2013, eight cuts of the OCR were implemented, totaling 225 basis points from a prior high of 4.75%.  In a statement after this months meeting, the current stance was called “appropriate,” asserting that “the full effects of these [prior] decisions are still coming through, and will be for a while […]

larrygreenberg @ October 1, 2013

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