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The big four banks are yet to move after the official interest rate was cut yesterday for the first time in eighteen months. The Reserve Bank dropped the rate by twenty-five basis points in a bid to boost the economic growth. Now most economists had

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The local share market entered a recession lower today dragged down by the energy and resource sectors. The All Ordinaries closed 41 points or 3 quarters off the percent down, and the ASX 200 lost 43 points. Shares in Santos ended more than 5 percent

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