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Australia cuts interest rates to record low on coronavirus fears

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Australia's central bank on Tuesday slashed interest rates to a record low and said it was ready to provide further action if needed as policymakers around the world pledge economic support against the impact of the coronavirus.

[SYDNEY] Australia's central bank on Tuesday slashed interest rates to a record low and said it was ready to provide further action if needed as policymakers around the world pledge economic support against the impact of the coronavirus.

In lowering rates by 25 basis points to 0.50 per...

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