Reserve Bank to cut interest rates in May in face of weak economy

By Peter Martin
Updated May 5 2015 - 4:11pm, first published May 4 2015 - 7:38am
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley
Ready to cut... RBA governor Glenn Stevens Photo: Louise Kennerley

Concern about a deteriorating economic outlook and a resurgent Australian dollar will force the Reserve Bank to cut interest rates on Tuesday, taking the official cash rate to an all-time low of 2 per cent and discounted mortgage rates to just 4.55 per cent.

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