SYDNEY, July 2 (Reuters) - Australia's central bank cut its cash rate a quarter point to a record low of 1.0 percent on Tuesday, a largely expected decision as policy makers try to spur economic growth and drive unemployment lower.
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 40 analysts had found 28 expected a quarter-point easing this week, following a cut to 1.25% in June.
