Well, another Melbourne Cup day and another announcement by the Reserve Bank on interest rates. Only, unlike last year the news this time is a welcome reduction instead of an increase, as it was a year ago. The RBA decided it was time for a stimulus to our economy and have lowered the benchmark rate by a quarter of one percent (0.25%).  Something I am sure all of us with a mortgage will appreciate in the run up to Christmas. It seems our 2 speed economy and general financial jitters around the world have finally warranted some action.