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AAP
AAP
Business
Kat Wong

Struggle Street residents last to benefit from rate cut

The Reserve Bank governor says the benefits of the interest rate cut will be felt unevenly. (Jono Searle/AAP PHOTOS)

Australians worst affected by interest rate rises are also among the least likely to benefit from cuts, the Reserve Bank governor says.

The central bank lowering the cash rate for the first time in four years has been welcomed by many but its impact will not be felt evenly, Michele Bullock said.

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