made its biggest cut in interest rates since 1992. The decision to cut official rates by a full percentage point to 6.00 per cent took financial markets by surprise. Investors had expected a reduction of only 50 basis points this month. The RBA is sending the banks and households a message that it is prepared to do whatever it takes to untighten financial conditions and free up the flow of credit through the banking system, TD Securities senior strategist Joshua Williamson said. The bourse ...
http://www.youtube.com/watch?v=SHaFt7i4GNQ&hl=en
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