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RBA Cuts Official Cash Rate by 0.25%

Article By Adam Hurwood | | Financial Planning
On the 5th of February 2015, the Reserve Bank of Australia announced a cut official interest rates by 25 basis points (0.25%) for the first time in 18 months, to a record low of 2.25%.

The RBA stated that it had particularly taken into consideration a gradually increasing unemployment rate, growth at below trend pace and low inflation within the economy as part of its decision and deemed it appropriate to reduce the cash rate.

At the time of writing this resulted in the Australian stock exchange rising notably and the Australian dollar depreciating further against the US dollar, which will be beneficial to returns for Australians investing into overseas markets

Sources: BT Adviser Services

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