Australian central bank cuts key interest rate to 0.1%

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Australia’s central bank has cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession

CANBERRA, Australia — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.

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Sahred From Source link World News