At its meeting today, the RBA decided to lower the cash rate by 25 basis points to 2.5 per cent

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At its meeting today, the RBA decided to lower the cash rate by 25 basis points to 2.5 per cent. The central bank cited growth at a little below trend whilst mining investment is coming off the boil. In addition, the local currency has fallen significantly but remains at a high level. Furthermore, despite all the interest rate cuts, borrowing remains subdued to this point whilst unemployment has edged upwards.


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