australia cuts interest rates to 175
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Australia cuts interest rates to 1.75%

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Arab Today, arab today Australia cuts interest rates to 1.75%

Tokyo Stock Exchange
Sydney - Arab Today

Australia's central bank on Tuesday cut its cash rate by 25 basis points to a historic low of 1.75 percent, with the move triggered by lower-than-expected inflation. 

"The board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting," Reserve Bank of Australia governor Glenn Stevens said.


 

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australia cuts interest rates to 175 australia cuts interest rates to 175

 



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australia cuts interest rates to 175 australia cuts interest rates to 175

 



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