Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Australia's RBA cuts key cash rate to 4.5% *PIC*

Australia's RBA cuts key cash rate to 4.5% (by Sarah Turner)

SYDNEY (MarketWatch) -- Australia's central bank cut its key cash rate by 25 basis points to 4.5% on Tuesday. The Reserve Bank of Australia's interest-rate setting board said that trade performance is starting to see some effects of a significant slowing in economic activity in Europe. It also said that commodity prices, while still at high levels, have declined over recent months. "It is likely to be some time yet before concerns about the European situation can definitively be laid to rest and the effects of the recent turmoil on confidence may result in a period of precautionary behavior by firms and households," the RBA board said.