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Rudd talks about economy, interest rate low.

In Article on October 16, 2008 at 10:54 pm

Kevin Rudd held a press conference today to inform the Australian public that he is in constant contact with world leaders. Sources claim that this may be through on-line networking tool Twitter.

Prime Minister Rudd has promised that he will hold daily press conferences to inform anyone who is around of  “measures into the future, going forward” and also “long-term reform, actively working within the territory”.

The US Federal Reserve, acting in coordination with other global central banking authorities, cut a key US interest rate by half a percentage point to steady a teetering economy.

Mr Rudd gave a stern warning, veiled threat or polite suggestion to the Big 4 banks that he expects the “maximum pass through of interest rate cut”. 

He is absolutely committed to informing the Australian public of “the medium and long-term regulatory response to the global financial crisis.”

He is also keen to address superannuants, which research has revealed are not ‘ants’, nor are they ‘super’.

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