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EDITORIAL

Australia needs new economic direction; Turnbull should start on reforms

Wednesday, August 10, 2016 - 05:50

THERE was a whiff of panic in the Australian central bank's decision last week to cut the official interest rate by 25 basis points to 1.5 per cent. It is being speculated that the Reserve Bank (RBA) had to act because the local currency was again edging up against the US dollar, due to the