Australian central bank cuts rates after 4 years



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The Bangko Sentral ng Pilipinas (BSP) has continued its tightening bias, hiking its key policy rate by another 25 basis…
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Australia's central bank cut its key interest rate Tuesday for the first time in more than four years, but warned global turmoil could derail further easing.
The Reserve Bank of Australia cut the cash rate by 0.25 percentage points to 4.10 percent, but said it "remains cautious" about the prospect of further reductions in the future.