RBA unexpectedly lowers interest rate

Note: This section contains information in English only.
Source: Bloomberg
Reserve Bank of Australia (RBA) unexpectedly decreased its key interest rate by 0.5 percentage points, citing slower inflation in 13 years as a main driver of the decision. Australian benchmark rate was cut from 4.25% to 3.75%. The domestic currency weakened and 10-year borrowing costs dropped on the announcement. 
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