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Rate cut sign of a weakening market?

Posted by: 2UE | 3 October, 2012 - 7:23 AM
Rate cut a sign of a weakening local labour market?

The RBA attribute the cut as a response to the worsening outlook for the global economy, and signs of a weakening local labour market.

The latest cut follows a quarter of a percentage point reduction in June that followed a half a percentage point cut in May.

Jason Morrison speaks with leading business commentator Terry McCrann on the affect the latest interest rate cut will have on our economy moving forward.

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Australia's big four banks are facing the usual pressure this morning to pass on the Reserve Bank's latest interest rate cut.

They're still to indicate how much of the quarter percent reduction they'll hand down to customers.

Treasurer Wayne Swan says they have no excuse with it to be welcome relief for struggling home owners.


Teaching about inspiring students?

Push for classes on multiculturalism in our schools

Universities are warning Australia is at risk of training a generation of "toxic teachers" who will pass on their own deficiencies to students. Jason Morrison asks if teaching is more about inspiring the students.

Mad Monday slurs: Bulldogs respond

Canterbury Bulldogs players at Mad Monday celebrations

Paul Murray speaks with Todd Greenberg CEO of Canterbury Bulldogs who responds following their Mad Monday behaviour, where obscene and sexist slurs were hurled at a female Nine News reporter.

Blog comments Your Say

  • Morrison is a prophet of doom and gloom rapidly running out of gloomy stories. So all he can do is whinge whinge and whinge - now that Abbott seems to have gone a bit quiet realising that it is not working. I am sure people can see who is lying while the Australian economy is in terrific shape - the envy of the western world.

    Terrence Wednesday 3 October, 2012 - 9:50 PM

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