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    The RBA have just announced a 0.25% reduction to interest rates bringing the official cash rate down to 3.25%.

     

    This of course is great news for borrowers, not so for savers!!

     

    This could also be good news for the British Pound.

     

    See the full media report here http://www.rba.gov.au/media-releases/2012/mr-12-30.html

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