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flag RBA cuts interest rates to 3.85%, considers further drops amid global economic uncertainties.

flag The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 3.85% in May, considering a larger cut due to global market uncertainties, particularly from US tariffs. flag The RBA hinted at further rate cuts if global uncertainty increases, with a focus on impacts on trade flows, inflation, and economic growth. flag The bank will continue to monitor these factors and adjust its monetary policy as needed.

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