Australia's central bank cut its cash rate a quarter point to a record low ...
FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo
SYDNEY - Australia’s central bank cut its cash rate a quarter point to a record low of 0.75% on Tuesday, a largely expected decision as policymakers try to spur economic growth and drive unemployment lower. The Reserve Bank of Australia made the announcement following its monthly policy meeting. A Reuters poll of 35 analysts had found 25 expected a quarter-point easing this week, following a cut to 1% in July.
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