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australia economy teflon europe

australia economy teflon europe

A woman passes the Reserve Bank of Australia in Sydney on December 6, 2011 as official rates were slashed by 25 basis points for the second month in a row. Australians were handed an early Christmas present December 6 when the central bank cut interest rates for the second month in a row, but it warned the slowing global economy continued to pose risks.

TORSTEN BLACKWOOD