RBA Cuts Key Rate to Half-Century Low of 3%

The Reserve Bank of Australia cut its benchmark interest rate to the half-century low set during the 2009 global recession as hiring falters and an elevated currency hurts industries such as manufacturing and tourism.

Bloomberg Brief Weekly Video 02/11
39:29 - Taylor Riggs, a contributor to Bloomberg Briefs, talks with reporter Joe Mysak about this week's municipal market news. (Source: Bloomberg)
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