Hi all
This is a simple question but I can't seem to find the answer. I am aware that the Reserve bank is meeting again on 2 december and that it's expected that there will be an announcement of another rate cut.
My question is when the cut (assuming there is one) will actually take affect? Does it take affect as of the time of announcement? Or the next business day? anyone know?
This is a simple question but I can't seem to find the answer. I am aware that the Reserve bank is meeting again on 2 december and that it's expected that there will be an announcement of another rate cut.
My question is when the cut (assuming there is one) will actually take affect? Does it take affect as of the time of announcement? Or the next business day? anyone know?