Australia's central bank on Tuesday cut its main cash rate a quarter point to a record low of 2.5 percent, a widely expected move given a cloudy global outlook, a tepid domestic economy and tame inflation.
Also read: RBI Credit Policy: Leaves key rates unchanged, reflects no hawkish stance
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. Analysts in a Reuters poll had been unanimous in expecting a rate cut this week.
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