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Australia cuts rates as growth cools
November 02, 2011
The Reserve Bank of Australia (RBA) cut its policy rate by 25 basis points from 4.75% to 4.5%, yesterday.
The RBA took the decision to cut interest rates yesterday (November 1) as the global outlook on growth continues to dim.
“The RBA chose to play it safe, acknowledging that “fears of a major downturn [in global growth] have...
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