The Reserve Bank has cut official interest rates to a record low of one-point-five per cent. Larawan: Reserve Bank of Australia (AAP)
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By Peggy Giakoumelos, Ricardo Gonçalves
Source: SBS
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The Reserve Bank has cut official interest rates to a record low of one-point-five per cent. Larawan: Reserve Bank of Australia (AAP)
The bank decided to cut the cash rate reflecting concerns about inflation and economic growth.
But not all banks are likely to pass on the full cut.
