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.
Fed's Lockhart Says He Still Backs Rate Hike by December
21:00 - Federal Reserve Bank of Atlanta President Dennis Lockhart speaks about the U.S. economy and the timing for the central bank's first interest rate increase since 2006. He speaks to the Society of American Business Editors and Writers in New York. McClatchy Newspapers' Kevin Hall moderates. (Source: Bloomberg)
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