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SYDNEY, Australia - Australia's central bank has slashed interest rates again as it tries to prevent the country falling into recession.
Tuesday's 1 percentage point reduction was the fourth in a row by the Reserve Bank of Australia and takes the cash rate to 4.25 percent.
The global financial crisis has taken Australia's economy from boom times to the verge of recession in a matter of months, and policymakers are throwing billions of dollars at the economy to try to stop it from tipping over the edge.
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