The Reserve Bank has cut official interest rates to a record low of one-point-five per cent. 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.
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Reserve Bank cuts official interest rate
The Reserve Bank has cut official interest rates to a record low of one-point-five per cent. 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.
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By Ricardo Gonçalves, Peggy Giakoumelos
Source: SBS
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