Australia joins global rates easing party

ReutersNewsPublished: May 3, 20162 views
Published: May 3, 2016

Australia's central bank has cut interest rates to an all-time low of 1.75 percent as it seeks to restrain a rising currency and stave off the creeping curse of deflation. As David Pollard reports, it comes a day after ECB President Mario Draghi defended his polcy of ultra-low rates in the face of German criticsim.

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