What source were you watching/listening to Rixter? I'd like to know for next time.
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What source were you watching/listening to Rixter? I'd like to know for next time.
So, 46% of Somersofters know their stuff!
85% of them were within 0.25% ... so i'd say near 85% know their stuff.
"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.
There has now been a major easing in monetary policy over the past few months. Together with the spending measures announced by the Government, and a large fall in the Australian dollar exchange rate, significant policy stimulus will be supporting demand over the year ahead.
Im with CBA and somehow my rate has gone down to 6.04% rather than 6.06% Am I special or something?
CBA and NAB passing on the full 100 points. Westpac only 80 points
I'm the same as you... standard variable rate is 6.74%, professional package/discount of 0.7% makes it 6.04... not sure why the others are paying the extra 0.02%!
At the end of the day Id say everyone's purely guessing.
Big warning there guys - the RBA is saying "we have given it a good kick now we are going to sit back and watch for awhile".
Just posted in another thread. ANZ are apparently dropping their rates by 0.83%. Not sure when they intend to do this though.just have to sit and wait for ANZ now
Who cares, at 4.25% we are now expansionary. I wouldnt be surprised to see a future decease in 2009 of only 0.5% (two 0.25% discounts).
And at 4.25% my portfolio is massively cash flow postive (it was positve at the start of 2007 when interest rates were 2% higher than now).
sweet.... im 6.06% with the CBA, and i settle on 16th Dec so i should start off on that nice low rate.
I'm basically cashflow neutral with this drop! Yay!