RBA Seen Cutting Rates to Lowest in 53 Years: Australia Credit - Bloomberg

RBA Seen Cutting Rates to Lowest in 53 Years: Australia Credit Bloomberg 5, swaps data compiled by Bloomberg show. Governor Glenn Stevens and his board lowered the rate 0.25 percentage point to 3.25 percent yesterday, a decision predicted by nine of 28 analysts surveyed by Bloomberg News. Australia's record-low ... and more »

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After pretty long has that happened. Heard the news saying that it presently has good scope to cut interest rates down and would like to give advantage to its citizens. Anyways its been good debt owners and loan takers.
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