RBA ponders interest rate cut to record low 2 per cent

FX:AUDUSD   Australian Dollar / U.S. Dollar
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INTEREST rate sensitive sectors of the economy, such as retail sales and housing, are responding to the Reserve Bank’s rate cut but the global outlook is deteriorating.

The Reserve Bank board, meeting in Melbourne tomorrow, will be discussing whether or not to follow last month’s cut in the official cash rate, taking it down to a new record low of 2.0 per cent.
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