Statement by Glenn Stevens – realestatesource

At its meeting today the Board decided to lower the cash rate by 25 basis points to 7.0 per cent, effective 3 September.

National

Statement by Glenn Stevens, Governor: Monetary Policy

January 25, 2008 Marc Pallisco Governor: Monetary Policy, home loan interest rates, interest rate policy, National, RBA interest rates, Real Estate News, Statement by Glenn Stevens

At its meeting yesterday, the Board decided to leave the cash rate unchanged at 6.75 per cent. As part of wider changes to communication practices which the Board has adopted (see separate announcement on communication), it was further decided that a statement explaining the decision would be released.