05/05/2015 - 12:49

Rates slashed to new historic low

05/05/2015 - 12:49

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The Reserve Bank of Australia has cut the official cash rate by 25 basis points to 2 per cent, saying the outlook for inflation helped shape its decision to reduce rates to a new historic low.RBA governor Glenn Stevens said falling commodity prices had resulted in a fall in the nation's terms of tra

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