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RBA Cash Rate Reduction December 2008

Submitted by administrator on Tue, 02/12/2008 - 3:17pm

RBA Cash Rate Reduction December 2008 -

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY

At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.

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