There was an error in this gadget. There was an error in this gadget. Monday, April 5, 2010. Reserve Bank Raises Interest Rates. Hot Off The Press is a statement released by Glenn Stevens regarding the interest rate rise. At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4. 25 per cent, effective 7 April 2010. With the risk of serious economic contraction in Australia having pas.

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