Tuesday, December 6, 2011

Australia central bank cuts rates to 4.25 pct

SYDNEY (Dec 6): Australia's central bank on Tuesday cut its main cash rate by 25 basis points to 4.25 percent, the second easing in as many months as it reacted to a benign inflation outlook at home and downside risks to economic growth globally.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. - Reuters

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