Australia Keeps Interest Rate Unchanged

Australia’s central bank kept interest rates unchanged today as cuts in May and June help sustain household demand and the local currency’s strength contains inflation.
Australia’s Economy Expands at Slower Pace Than Forecast
23:24 - Australia’s economy expanded at a slower pace than economists forecast in the three months through June -- only propped up by government and household spending -- as a slowdown in key trading partner China weighed on growth. The currency slumped. Bloomberg's Paul Allen reports on "Trending Business." (Source: Bloomberg)
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