The Bank's Monetary Policy Committee voted to reduce the interest rate by 0.25 points to 4.25%, which is good news for mortgage holders but less so for savers. Markets had expected three more rate ...

The S&P/ASX200 jumped 35.5 points, or 0.43 per cent ... and offer no surprises before the Reserve Bank's meeting next week where it is expected to cut interest rates. "I think it'll be a formality," ...