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Reserve Bank of Australia cuts rates again Breaking News Finance Latest News Reserve Bank of Australia 

Reserve Bank of Australia cuts rates again

The Reserve Bank of Australia in an effort to spur the sluggish Australian financial situation has cut interest rates from 4.75 % to 4.5 %. The cut in interest rates is the first in Australia since April of 2009. Trying to get Australians to spend more especially during the Christmas season is seen as one of the motivating causes for the cut in interest rates in Australia. Another cause is the growing concern of the Reserve Bank of the world’s unsettled stock markets behaviors in recent months. This action by…

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