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The Reserve Bank of Australia cuts its benchmark rate by a larger-than-expected 50 bps to 3.75%,...
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Tuesday, May 1, 2012, 2:30 AM ETThe Reserve Bank of Australia cuts its benchmark rate by a larger-than-expected 50 bps to 3.75%, as "economic conditions have been somewhat weaker than expected, while inflation has moderated." (RBA statement)
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