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Australia Retains Record Low Interest Rate

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by , 02-04-2020 at 02:07 PM (127 Views)
      
   
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Australia's central bank maintained its interest rate on Tuesday, as policymakers see gradual progress in inflation reaching target and towards full employment. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to leave the cash rate unchanged at a record 0.75 percent. The central bank had lowered the rate by 25 basis points in October 2019.

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