RBA unexpectedly cuts rates

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By Chris Becker

The Reserve Bank of Australia (RBA) decided at its October meeting today to cut interest rates by 0.25% to 3.25%

More to follow.

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Chris Becker is an investment strategist at Macro Investor, Australia’s leading independent investment newsletter covering stocks, trades, property and fixed interest. Each week Macro Investor publishes tables on the top ten most undervalued and overvalued stocks on the ASX. A free 21-day trial is available at the site.

You can follow Chris on Twitter.

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