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RBA Cuts Rates to 1.75%

Discussion in 'Market News' started by Daily.Forex, May 3, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

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    At its monthly policy meeting Tuesday the Reserve Bank of Australia (RBA) announced it was cutting its cash rate a quarter point to an all-time low of 1.75 per cent in a move to stave off deflation after data last week showed quarterly deflation in the consumer price index and the weakest annual pace on record for core inflation.

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