Reserve Bank cuts interest rates to record low

By Peter Martin
Updated August 2 2016 - 3:21pm, first published 3:07pm
Tuesday's RBA board meeting was governor Glenn Stevens' second last. Photo: Christopher Pearce
Tuesday's RBA board meeting was governor Glenn Stevens' second last. Photo: Christopher Pearce

The Reserve Bank of Australia has cut interest rates to a historic low, moving its cash rate from 1.75 per cent to 1.5 per cent.

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