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The Reserve Bank of Australia cuts interest rates to 3.85% to boost economy and borrowing.
The Reserve Bank of Australia (RBA) has lowered its cash rate target to 3.85%, aiming to support the economy amid uncertainties.
This rate cut, following previous increases to control inflation, could reduce borrowing costs and potentially stimulate consumption and investment.
The RBA will continue to monitor inflation and financial stability to balance its monetary policy.
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El Banco de la Reserva de Australia reduce las tasas de interés al 3.85% para impulsar la economía y los préstamos.