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The Reserve Bank’s decision to cut interest rates will be a shot in the arm for Australian households as the major banks announce they have passed on the full cut.

In delivering a long overdue rate cut, the Reserve Bank has a sobering message when it comes to more, writes Eric Johnston.

BHP says the outcome of union attempts to regain a foothold in the iron ore industry will have a big bearing on investment after its dividend fell to an eight-year low.