At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective6 May 2015.
The Reserve Bank of Australia is widely tipped to cut interest rates for the second time this year when its board meets on Tuesday, despite signs that the economy is improving and its fears about further stoking Sydney's hot housing market.
Of the 27 economists recently polled by Bloomberg, 23 are forecasting a 25 basis point (or a quarter of a percentage point) cut to an all-time low of 2 per cent in the cash rate at the meeting.
ATHENS (Reuters) - Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and an agreement could be closer this month, a government official said on Sunday.
Thinking Too much-The Forex Trading Trap
12 May 2014
We Human beings are curious animals. We love complexity, masochists that we are. Everyone knows about the famous study that demonstrated rats preferred intellectual stimulation over sex. Of course, running a maze does have very little sex appeal. But the fact remains, most of us do like mental stimulation of various sorts. In fact, maybe it is the attraction of constant mental stimulation that attracts people to Forex Trading.