BBC News - Australia cuts interest rates in a bid to boost growth - 0 views
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The bank cut its key rate to 3.5% from 3.75%.
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Yihan Li on 07 Jun 12Australia's central bank cut its interest rate, which is a monetary policy. This is intended to increase consumption and investment, thus the aggregate demand
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At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
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At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
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