Reserve Bank cuts official interest rate

Ngân hàng Dự trữ Úc châu

Ngân hàng Dự trữ Úc châu Source: AAP

The Reserve Bank has cut official interest rates to a record low of one-and-a-half per cent.


The bank decided to cut the cash rate in a reflection of concerns about inflation and economic growth.

But not all banks are likely to pass on the full cut.






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