Fed: ACCI says rate cut will boost business investment

AAP General News (Australia)
02-07-2001
Fed: ACCI says rate cut will boost business investment

The Australian Chamber of Commerce and Industry has welcomed today's interest rate
cut, saying it would make business more willing to invest.

The Reserve Bank of Australia this morning announced it would move to lower the official
cash rate to 5.75 per cent from 6.25 per cent.

It's the first cut in official rates since December …