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The Reserve Bank has left its key interest rate unchanged for a third month in a row even as signs emerge that the mining boom is fading.
The central bank kept its cash rate unchanged at 3.5 per cent, matching the expectations of market economists.
In recent weeks, BHP Billiton has announced delays to projects worth some $40 billion while Fortescue Metals, the nation's third-largest miner, today unveiled job cuts and project delays as it adjusts to tumbling prices for its iron ore.
Read more: http://www.smh.com.au/business/t ... .html#ixzz25TOb9yfq
http://www.smh.com.au/business/t ... 20120904-25bxt.html
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