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Calls to cut interest rates grow as Australian economy falters

Monday, December 8, 2014 - 05:50

The mining investment boom has helped Australia avoid recession for more than two decades, but the rebalancing towards non-resources-led growth has been uneven.


PRESSURE is building on Australia's central bank to cut interest rates from their record lows as growth in the resources-driven economy - already faltering on the back of China's slowdown - takes a further hit, analysts say.

The Reserve Bank of Australia (RBA) has repeatedly

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