4 April 2001, 11:12 AUSTRALIA CENTRAL BANK CUTS KEY INTEREST RATE A HALF-POINT
The Reserve Bank of Australia indicated that it decided to lower the cash
target rate to 5.00% from 5.50% at Tuesday's policy board meeting,
according to reports. Governor Ian Macfarlane cited the weaker world
economy and eroding confidence as two factor justifying the move.
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