	australian reserve bank cuts rediscount rate the reserve bank of australia this morning cut the rediscount rate from pct to pct the rediscount is the rate at which the bank buys back treasury notes market sources said the cut reflected the recent easing in market  rates they also pointed to yesterday s treasury note tender where the mln dlrs of week notes went at an average yield of pct down from last week the mln dlrs of week notes went at an average from last week reuter 
