Experts reveal big problem with tomorrow’s interest rate cut

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Here’s how RBI’s cut in interest rate impacts your finances While the cost of borrowing will go down, investors, for whom it’s a positive move, must rejig their portfolios to gain from the fall in rates.

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A. The Fed has cut the key interest rate several times this year. B. All these interest rate cuts should have helped the economy. C. The Fed should not have cut the interest rate so frequently. D. A tax cut should be better for stimulating the economy than a cut in the interest rate.

Experts reveal big problem with tomorrow’s interest rate cut The RBA is expected to announce a record rate cut. But experts argue it could leave the Aussie economy dangerously exposed.

Lloyds Bank and Bank of Scotland will replace the flat-rate 1.5% AER interest it currently pays on its Club Lloyds and Vantage accounts with a two-tiered rate. From 1 October 2019, the accounts will pay 1% AER on balances between 1 and 3,999.99 – representing a 0.5% cut to the current rate.

As the prospect of Donald Trump’s impeachment became a shade more real last week following a big day in court. not likely to raise taxes or cut spending to reduce the deficit. The Fed may decide to.

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