BECKHAM
03-05-2016, 04:10 PM
At its monthly policy meeting Tuesday the Reserve Bank of Australia (RBA) announced it was cutting its cash rate a quarter point to an all-time low of 1.75 per cent in a move to stave off deflation after data last week showed quarterly deflation in the consumer price index and the weakest annual pace on record for core inflation.
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FOR MORE ... (http://www.dailyforex.com/forex-news/2016/05/rba-cuts-rates-to-175/58827)