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Reserve Bank cuts rates

THE Reserve Bank has cut interest rates for the first since April 2009 in a bid to stimulate the Australian economy, as the world endures ongoing volatile financial market conditions.

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THE Reserve Bank has cut interest rates for the first since April 2009 in a bid to stimulate the Australian economy, as the world endures ongoing volatile financial market conditions.

The decision today to reduce the official cash rate from 4.75 per cent to 4.5 per cent is the first rate cut since April 2009, as the world tackled the global financial crisis.

 


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