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Reserve Bank of Australia chief Philip Lowe said the coronavirus is having a 'significant'effect' on the country's economy

RBA Keeps Interest Rate Steady At 4.35% As Economic Pressures Persist

RBA's latest decision to keep interest rates at a 12-year high of 4.35% was met with a silent market reaction, as seen by the Australian dollar's steadying around $0.6595. With the first easing completely priced in for May 2025, rate swaps show a small possibility of a rate cut before year-end.
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