Panic Button: Basis Points and Reserve Bank

panic button: Ten years ago in October 2008, the Reserve Bank hit the panic button, according to The Guardian. It cut the cash rate by 100 basis points, just a month after it had lowered it by 25 basis points. Both the Reserve Bank and the International Monetary Fund have recently pointed to concerns about the level of household debt as we reach a decade since the global financial crisis. It wasn't finished. Confidence in housing market 'collapsing', NAB survey says Read more All up the cash rate was now 3.25% points lower than it had been just seven months prior. The following month it cut another 75 basis points, and then in December yet another 100 basis points were dropped, only to be repeated in February 2009, before the final 25 basis point cut occurred in April. (news.financializer.com). As reported in the news.