The Reserve Bank of Australia have just announced another cut to interest rates. This time rates have been slashed by 1 percent. RBA Glenn Stevens said “At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.”
Some good news to come from the RBA’s [...]

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The activity witnessed in the Australian manufacturing industry has sunk to a frightening low level. The Performance of Manufacturing Index fell to 32.7 in November, this making the sixth month consecutively that the index has fallen.
Australian Industry Group chief executive, Heather Ridout, has commented on the fall in orders stating that they have never been [...]

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