RBA’s Stevens Cuts Benchmark Rate to 3%

The following is a reformatted version of a statement published today on the Reserve Bank of Australia’s website, after Governor Glenn Stevens and his board lowered the overnight cash-rate target by a quarter percentage point to 3 percent.

London Mayoral Hopeful Hails Housing Plans
19:47 - Zac Goldsmith, London MP and conservative candidate for mayor, discusses the plan to increase home ownership in London by expanding its "help to buy" scheme in a city where the average home now costs more than half a million pounds. He speaks to Bloomberg's Anna Edwards on "Countdown." (Source: Bloomberg)
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