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Australia Leaves Rate Unchanged At Record Low

Australia's central bank left its key interest rate unchanged at a record low after cutting the rate by 25 basis points each at the previous two meetings.

The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at a record low 1.00 percent, as widely expected, on Tuesday. The back-to-back rate cut in July was the first since mid-2012.

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by RTTNews Staff Writer

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