curios 
Will the RBA at there November meeting reduce the interest rates by 1% or more?
RBA reduced the rate by 0.75%, which is less than the 1% referred to by the question
THE Reserve Bank cut interest rates by 75 basis points today, reducing borrowing costs to the lowest level in more than five years.
The RBA reduced the official cash rate to 5.25 per cent from 6 per cent, a deeper cut than expected by financial markets which had bet on a more modest 50-point drop.
http://www.theaustralian.news.com.au/business/story/0,28124,24601092-643,00.html
Background:
Reserve Bank of Australia - Monetary Policy Changes
Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. For further details refer to media releases explaining monetary policy decisions. Before November 2007, media releases were issued only when the cash rate target was changed. From December 2007, a media release is issued at 2.30 pm after each Reserve Bank Board meeting. The Board's decision takes effect the following day.
Settlement details:
As reported by a major mainstream news source.
Settled
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Yes |
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No |
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Suspend date: Sun 2nd Nov 6:59pm PST Settlement date: Tue 4th Nov 3:56am PSTPrediction cut-off: Predictions on this question after Sun 2nd Nov 6:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: Yes: 50%
Action history:
curios 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: was: "2008-11-03 18:59:00" 
greg77: Can be settled as no - the RBA reduced rates by 0.75% -http://www.theaustralian.news.com.au/business/story/0,28124,24601092-643,00.html bayoubear: RBA reduced the rate by 0.75%, which is less than the 1% referred to by the question
THE Reserve Bank cut interest rates by 75 basis points today, reducing borrowing costs to the lowest level in more than five years.
The RBA reduced the official cash rate to 5.25 per cent from 6 per cent, a deeper cut than expected by financial markets which had bet on a more modest 50-point drop.
http://www.theaustralian.news.com.au/business/story/0,28124,24601092-643,00.html
Suspend date: Sun 2nd Nov 6:59pm PST Settlement date: Tue 4th Nov 3:56am PSTPrediction cut-off: Predictions on this question after Sun 2nd Nov 6:59pm PST have been voided because they were made after the question could be settled
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http://www.rba.gov.au/MediaReleases/2008/mr_08_21.html
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