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CBA offering its lowest-ever fixed mortgages.
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This rate cut was the right decision to make taking into account the slowdown in the resources sector.
RBA reduces official cash rate to 2.25%, the lowest level since the late 1950s.
A cut in the cash rate will be very important in boosting consumer and business confidence.
With inflation under control and a slow down in housing finance, the RBA Board should consider a rate cut.
