SBS

RBA cuts again to take cash rate to 1%

The Reserve Bank of Australia has cut the cash rate for a second month in a row to a new record low of 1.0 per cent.

The governor of the Reserve Bank [[RBA]] has indicated it's prepared to lower interest rates further.

People walk past the Reserve Bank of Australia sign in Sydney on September 2, 2014 Source: Getty Images

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By SBS Malayalam
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RBA cuts again to take cash rate to 1% | SBS Malayalam