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Australia cuts rates to record low to counter disinflation, spur jobs

Wednesday, August 3, 2016 - 05:50

Sydney

AUSTRALIA'S central bank cut interest rates to a fresh record low as it moves to counter disinflation and support a labour market hampered by high levels of part-time work and underemployment.

Reserve Bank of Australia (RBA) governor Glenn Stevens and his board lowered the

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