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Australian Interest Rates Drop Another 1.00 Percent

Submitted by administrator on Tue, 03/02/2009 - 2:38pm

Australian Interest Rates Drop Another 1.00 Percent - Date: 3 February 2009

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY
At its meeting today, the RBA Board decided to reduce the cash rate by a further 100 basis points, to 3.25 per cent, effective 4 February 2009.
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