Retiress Rates.

A man is reflected in the window as he walks past the Australian Stock Exchange in Sydney (AAP).

A man is reflected in the window as he walks past the Australian Stock Exchange in Sydney (AAP). Source: AAP

Retirees who rely on interest from their savings are among the biggest losers from last week's Reserve Bank interest rate cut.


How has a recent cut in interest rates affected the income of some retirees? How might changes to CentreLink rules on July 1st help them to recoup their funds?

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