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RBA trims cash rate to new record low 0.10%

RBA trims cash rate to new record low 0.10%

by Nathan Osinski | Nov 3, 2020 | Interest Rates

If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe says the cash rate cut...

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