Aust stocks close flat

Local market little changed after Reserve Bank cuts the cash rate to a new record low.

The local market closed flat today after the Reserve Bank of Australia's widely expected decision to cut the cash rate 25 basis points to 2.5% had little effect on afternoon trade.

At 1615 AEST official market close, the S&P/ASX 200 benchmark index edged down 0.11% to 5,105.6 points, while the broader All Ordinaries index inched 0.11% lower to 5,088 points.

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