This took me completely by surprise. I guess it's one way o tackle a slowing economy, but then it didn't do the US much good.
Ms Kevans also says another rate cut is likely before Christmas.
"We'll definitely see a follow up cut in November," she said.
"It depends what happens in financial markets between now and then as to how drastic that cut is.
"But we're likely to see at least 25 basis points in November."
www.abc.net.au
(visit the link for the full news article)
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Mod Edit: Title fixed to reflect original article
[edit on 7/10/2008 by Badge01]
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