Rates cut 1%

[ManlyBacker]

Just announced. Just shows how rocky the world stage is at the moment. That is a huge change to the official interest rate which now stands at 6%.

 

[Matabele]

We're staring stagflation in the face.  This is a desperate ploy to see if the business sector will chase investment over profit taking. 

It wouldn't surpirse if only 0.5% makes its way to the consumer though.

 

[Guest]

1% is bad news as it means that the economy is a lot worse than we think.

Surprised that Westpac has already announced a 0.80% reduction in their variable rates. 

 

[Matabele]

So have Commonwealth.

 

[Canteen Worker]

I held high hopes for Turnbull as a credible leader of the opposition but his performance this morning has me concened.

 

[clontaago]

Thats an extra $50 in my pocket each week, you beauty.

 

[Guest]

And just heard that they expect another 0.50% reduction in both November and December. 

 

[Matabele]

I've just taken out a $500k loan so I'm not complaining.

 

[The Gronk]

nice one - only problem is the dollar will crash now keeping petrol prices up.  

 

[Garts]

Excellent news, save a extra few hundred per month.

 

[Guest]

I've just taken out a $500k loan so I'm not complaining.

Did you buy Dubbo?

 

[Fro]

Who would want to buy Dubbo?

And what would he do with the leftover 100k anyway?

 

[Canteen Worker]

You are on fire today Fro!!!

 

[Matabele]

And what would he do with the leftover 100k anyway?

  Buy Bafurst and Orange.

 

[Fro]

Ahh the old Bafurst Gem, the joke that keeps on giving

The tall poppy syndrome in all its glory once again.

 

[Nutzcraw]

nice one - only problem is the dollar will crash now keeping petrol prices up.  

But good for your return to australia!

 

[clontaago]

Petrol prices to sky rocket next week boys.

 

[The Gronk]

on the back of the dollar crashing I guess.

Oil is way way down but the dollar is more

 

[Matabele]

Thank goodness for LPG