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Australia's Reserve bank has reduced interest rates to a record low, cutting its cash rate from 1.75% to 1.5%. while the reserve bank board and government hopes the further cut will boost the labour market and economic growth, the banks are not entirely supporting this. Banks in recent times have either not been passing on the interest rates reduction fully or delaying passing … [Read more...] about Treasurer Scott Morrison slams banks for not passing on full interest rate cuts