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RBA drops rates by 1.00% to 4.25%

Discussion in 'The Economy' started by Simon Hampel, 2nd Dec, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    RBA: Media Release-Statement by Glenn Stevens, Monetary Policy

     
  2. Jacque

    Jacque Team InvestEd

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    :D Great timing for Christmas!!
     
  3. qqwertyuiop2000

    qqwertyuiop2000 Member

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    Thats if you still have a job :)
     
  4. Billv

    Billv Getting there

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    Why wouldn't we?
    Sydney has already had it's job cuts.
    It will be good news from now on....:)
     
  5. Chris C

    Chris C Well-Known Member

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    That's a very optimistic outlook...

    I on the other hand just went out of celebratory drinks last weekend with my good mate who wanted to celebreate the fact he wasn't one of the 8% of his firm who were fired last week!

    There is are a lot more job losses to come...
     
    Last edited by a moderator: 4th Dec, 2008
  6. qqwertyuiop2000

    qqwertyuiop2000 Member

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    Higher unemployment is a given, growth at 0.1 per quarter is NOT helpful.

    NSW is in pretty bad shape, i wouldnt be suprised if we are in a recession already.

    Stay alive ppl

    BC
     
  7. Chris C

    Chris C Well-Known Member

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    I'd be surprised if it wasn't.