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"MEDIA RELEASE No: 2008-27 Date: 2 December 2008 Embargo: For Immediate Release STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008. Recent...

I think we needed to repeat the message a few times...won't call my parents (self funded retirees) to tell them the good news.

"At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008"