The Reserve Bank of Australia has driven its official cash rate below one per cent for the first time. It's the R-B-A's third cut since June and comes as the central bank battles to curb rising unemployment and stimulate a stalling economy.
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RBA cut the rate to below one percent
Peopletoday. (AAP Image/Dean Lewins) Source: AAP
The Reserve Bank of Australia has driven its official cash rate below one per cent for the first time. It's the R-B-A's third cut since June and comes as the central bank battles to curb rising unemployment and stimulate a stalling economy.
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By Lydia Feng, Evan Young
Presented by Sarim Khem
Source: SBS
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