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Home>Reserve Bank of Australia Cuts Benchmark Rate

Reserve Bank of Australia Cuts Benchmark Rate

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Tue, 3 May 2016

By James Glynn SYDNEY--Australia's central bank cut interest rates for the first time in a year Tuesday as it seeks to tackle record-low inflation and a strong local currency, a decision that brings the bank into line with the easing moves of its global peers. The Reserve Bank of Australia lowered
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