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Old 03-02-2010, 07:02 AM
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Default RBA Raised Cash Rate to 4%, Resuming the Tightening Cycle

After pausing in February, the RBA resumed its tightening cycle in March by announcing to raise its cash rate by +25 bps to 4%. In the accompanying statement, the central bank stated that interest rates to most borrowers 'remain lower than average' and 'growth is likely to be close to...
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