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AAP
AAP
Business
Jacob Shteyman

What the interest rate cut means for renters

Tenants hope the interest rate cut will encourage landlords to respond in kind and drop the rent. (Joel Carrett/AAP PHOTOS)

Jim Chalmers is hoping Australia's landlords will be kind-hearted enough to help ease the cost-of-living for their tenants by passing on rate cuts.

The Reserve Bank of Australia cut interest rates for the first time in more than four years on Tuesday, in a move that was immediately passed on by major lenders.

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