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AAP
AAP
Business
Jacob Shteyman

Borrowers rejoice as rates cut amid 'uncertain' times

Nicola Powell RBA Reserve Bank Interest Rates NAB
RBA boss Michele Bullock says uncertainty is the only certain thing about future rate moves. (Dean Lewins/AAP PHOTOS)

A "dovish" Reserve Bank has cut interest rates to their lowest level in two years and raised hopes of more mortgage relief on the way for borrowers.

Fears over what Donald Trump's tariffs could do to the Australian economy dominated the RBA board's decision to cut the official cash rate by a quarter of a percentage point to 3.85 per cent on Tuesday.

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