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- by themarketherald.com.au
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Big 4 banks fall as they pass on RBA rates cut
The ASX200 closed down more than 0.6% to 8481 points after the Reserve Bank of Australia cut rates by 25 basis points to 4.1% - the first cut in more than 4 years. The big 4 bank stocks fell as they promised to pass on the rate cut in full.