Reserve Bank: Interest Rates and Ripple Effect

reserve bank: Shares are currently 1.7 per cent off the 2007 record high of 6851.5, and it has caused a ripple effect for the average Aussie, according to Nine News Australia. It's almost a dichotomy, the economy is slowing down at the moment and that's prompted the Reserve Bank to cut interest rates, 9News Finance Editor Ross Greenwood told Today. To improve your experience update it here News National What the soaring stock market means for the average Aussie punter By 9News Staff10 51am Jul 5, the Federal Government's 158 billion cash splash and recent rate cuts, Australia's stock market has risen to its second biggest high in history. What the soaring stock market means for the average Aussie punter. There is money in people's hands, which is the equivalent to two interest rate cuts to a typical mortgage holder, Greenwood said. AAP The slow-down has also prompted the government to put money back in people's pockets after the tax cut initiative passed senate yesterday. (news.financializer.com). As reported in the news.