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.

George Magnus: BOE Efficiency Diminishing Over Time
41:43 - George Magnus, senior independent economic adviser at UBS, examines options before the Bank of Japan and the prospective economic fix sitting in the cash piles of Japanese companies. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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