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RBA Surprises Markets and Cuts Interest Rates to 3.75 Percen

posted by Avatar spreadbetman 389 days ago in USD, AUD, Technical made popular 389 days ago

The Reserve Bank of Australia (RBA) reduced is base interest by 50 basis points to the lowest level in 2 years (3.75 percent). Markets were expecting no change in policy at this month’s meeting but the large rate reduction was based on the lower levels in consumer inflation and the total effect was a drop in the Australian Dollar and in regional b
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