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Aug 2, 2012. Cheapest money in a century. July 26, 2012. RESERVE Bank governor Glenn Stevens says Australian governments are enjoying their lowest borrowing rates in more than a century, sparking debate about whether the Commonwealth should exploit the cheap cash and go into deficit to fund infrastructure projects. In fact, the Commonwealth of Australia, and its constituent states, are at present able to borrow at about the lowest rates since Federation, Mr Stevens said. Its not as though weve asked o.CONTENT
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