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Australia central bank governor Lowe says further cut in interest rates possible

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Australian central bank governor Philip Lowe said on Thursday further cut in interest rates was possible, depending on a number of factors.

[SYDNEY] Australian central bank governor Philip Lowe said on Thursday further cut in interest rates was possible, depending on a number of factors.

The Reserve Bank of Australia already cut rates in May and August, taking its cash rate to a record low of 1.5 per cent to help stoke inflation and restrain a rising currency.

Newly appointed Lowe was speaking before a parliamentary economics committee.

REUTERS

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