Andrew from Vista Financial

RBA cut rates by 0.5%

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    Guest shella_n

    If the banks pass it on we will be coming in to see you Andy to secure ourselves a good deal as looking to buy first house in a couple of months :-)

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    Guest darlo 2 adelaide

    thanks for the information

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    The RBA have finally realised that the economy is slowing down. I predict more interest rate cuts to follow.

     

    If you compare the PMIs (performance index) of Australia and the UK it is quite interesting. I don't totally understand what these are but a value below 50 means a contraction, above 50 an expansion. The UK is on the way up and Australia is on the way down.

     

    Manufacturing PMI UK 50.5 Australia 43.9

    Services PMI UK 53.3 Australia 39.6

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