RBA cut interest rates to help businesses

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The RBA cut rates to 2.75% this month - the lowest in country's history as conditions for businesses has deteriorated due to the strengthening Aussie. The central bank aims at re-balancing growth from regions with big mining industries to regions with building and manufacturing activities. Accommodative monetary policy already improved conditions in housing market, which is expected to increase investment in real estate.
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