Australian central bank cuts rate, suggests it won't shy from more

05/7/2013 | Sydney Morning Herald (Australia), The

Australia's central bank cut its cash rate to a record low of 2.75% and indicated more cuts may follow. However, the bank noted that the nonmining sectors of the economy show early signs of responding to previous cuts even as inflation remains within the bank's target range of 2% to 3%.

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Sydney Morning Herald (Australia), The

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