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RBA Cuts Rates again

The RBA has cut the official cash rate for the second consecutive month, taking the new rate to just 4.25 per cent.
The Reserve Bank shocked the industry last month, when it cut the cash rate from 4.75 per cent to 4.5 per cent.

RBA Cut Interest Rates

Melbourne Cup day has proven lucky for borrowers after the Reserve Bank of Australia decided to cut the cash rate by 25 basis points to 4.5 per cent.

The decision was on the cards with eleven of the 17 economists surveyed by AAP last...