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1.The Reserve Bank of Australia reduced the cash rate twice in March 2020, to 0.25 per cent. Explain the rationale for reducing the cash rate.

1.The Reserve Bank of Australia reduced the cash rate twice in March 2020, to 0.25 per cent. Explain the rationale for reducing the cash rate.

2.Why might interest rate cuts of March 2020 not have the desired effect on the Australian economy?

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