Reserve Bank of Australia cuts official cash rate to record low 2% at May meeting

By Mark Mulligan
Updated May 5 2015 - 3:33pm, first published 3:30pm
RBA governor Glenn Stevens. Pic: Christopher Pearce
RBA governor Glenn Stevens. Pic: Christopher Pearce

The Reserve Bank of Australia on Tuesday cut the cash rate to a new record low of 2 per cent, citing some ongoing economic weakness for its decision.

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