RBA cuts rates to record 0.5pc
Matthew CranstonUnited States correspondent
The Reserve Bank of Australia has cut the official cash rate by 0.25 percentage points to a record low of 0.5 per cent.
The cut - the fourth in less than 12 months - follows turmoil in financial markets over the past week driven by fears about the impact of the global coronavirus outbreak.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
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