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Australian central bank reduces benchmark interest rate to 3.85% in second cut this year
Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage for a second time this year, to 3.85% after inflation fell within a target range. The Reserve Bank of Australia reduced its cash rate from 4.
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Australia's central bank has cut its policy rate to 3.85% as inflation concerns in the country continue to recede.
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