Rate Decrease of .25% – RBA Announcement for August 2013 As was widely anticipated by surveyed economists, the Reserve Bank of Australia announced a decrease of 0.25% (http://www.rba.gov.au/media-releases/2013/mr-13-15.html), taking the cash rate to a low of 2.5%. Governor Glenn Stevens had hinted at this in a speech last week, and today’s announcement notes that recent … Continue reading Rate Decrease of .25% – RBA Announcement for August 2013