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Economists say a rate cut may be likely, but are questioning its potential economic impact. Photo: Shutterstock

Cup day cut on cards as RBA holds firm

Experts and economists say a Melbourne Cup day rate cut is firming as a real possibility after the Reserve Bank of Australia held fire on the official cash rate, which remains at its record-low 0.25 per cent.

RBA Governor Philip Lowe said the central bank’s board of directors made the decision to m…

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