The Reserve Bank of Australia (RBA) on Tuesday cut official interest rates by 25 basis points to a record Australian low of 2 percent.
The Reserve Bank of Australia on Tuesday announced to keep the official cash rate unchanged in its first statement on monetary policy for the year 2014, it also implied that it has shifted its easing emphasis towards a neutral monetary policy.
The Reserve Bank of Australia (RBA) revised its forecast for gross domestic product (GDP) growth from 2.5 percent to 2.25 percent for the year to December.
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