Easier monetary policy comes to Australia, where the RBA - as most anticipated - cuts its...


Easier monetary policy comes to Australia, where the RBA - as most anticipated - cuts its benchmark rate 25 basis points to 4.5%. Governor Glenn Stevens gives expected nods to the slowdown in China and falling inflation in Oz, but saves particular emphasis for "trade performance ... see(ing) some effects of a significant slowing in economic activity in Europe." The aussie slips a bit to $1.0490. Shares -1.9%.

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