Tag: Banking; Hayne Royal Commission
Put the bankers, not journalists, in the dock
Posted by John, June 4th, 2019 - under Uncategorized.
Tags: Bankers, Banking; Hayne Royal Commission, Banks
Comments: 1
Two things happened on Tuesday that caught my attention. The first was the decision of the Reserve Bank of Australia to cut the cash rate by 25 basis points or 0.25%, from 1.50% to 1.25%. According to the RBA, the cash rate is ‘the overnight money market interest rate.’ It is essentially the rate the […]