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.
Harris, Dutta, Stoltzfus on Fed Rates: Two Minute Recap
05:02 - Bank of America Merrill Lynch's Ethan Harris, Renaissance Macro Research LLC's Neil Dutta, Oppenheimer & Co.'s John Stoltzfus, Mesirow Financial Holdings Inc.'s Diane Swonk, UBS Securities LLC's Drew Matus and William R. Rhodes Global Advisors LLC's William Rhodes comment on the outlook for Federal Reserve's policy. Watch the key moments from their interviews in two minutes. (Excerpts. Source: Bloomberg)
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