AUSTRALIA cut interest rates more than expected on Tuesday, presaging likely cuts in Europe later this week in the face of evidence that the global financial crisis has already pushed much of the world into a recession.
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Australia cuts rates
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Australian banks have not yet reached peak credit losses
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Rate sensitive sectors expected to fall further:
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Australia 'may have avoided recession'
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Australia will not fall into recession
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Australia announces spending cuts
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Australia 'will be in a recession by Christmas'
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Ecb discussed cutting rates;
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Eurozone in deepening recession
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Australians 'coping well' with higher interest rates
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China cuts rates
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China slowdown would hit Australia hard
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Interest rates likely to come down:
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France scuppers hopes of cut in bailout interest rate
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Markets braced for big rate cuts
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Australian dollar briefly breaks below parity
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Fed cuts key interest rate