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Reserve Bank drops interest rates to a record low

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People walk past the Reserve Bank of Australia (RBA) in Sydney, Tuesday, April 6, 2016. The RBA is expected to leave interest rates on hold today. (AAP Image/Dean Lewins) NO ARCHIVING

The Reserve Bank of Australia in Sydney Source: AAP

Australia now has record low interest rates after the Reserve Bank decided to drop the cash rate to just 0.5 of a per cent. The central bank's decision came on a day when there were warnings the economic fallout from coronavirus could push some countries into recession.

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By Greg Dyett

Presented by Greg Dyett

Source: SBS

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Australia now has record low interest rates after the Reserve Bank decided to drop the cash rate to just 0.5 of a per cent. The central bank's decision came on a day when there were warnings the economic fallout from coronavirus could push some countries into recession.

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