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The Reserve Bank of Australia has announced an interest rate cut for the first time in more than four years.

RBA Governor Michele Bullock on the first rate cut in more than four years ...

The Reserve Bank has cut official interest rates by 0.25 per cent, in its first move downwards in more than four years.

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Borrowers could be just weeks from mortgage relief with a long-awaited Reserve Bank interest rate cut widely expected to come on Tuesday.

Reserve Bank of Australia expected to cut interest rates for the first time in five years as board begins its meeting.