Australia cuts key interest rate to record low 1.25%

Australia cuts key interest rate to record low 1.25%



Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1.25% in the first rate change in almost three years.

June 4, 2019 at 06:42AMvia FOX NEWS https://fxn.ws/2HS4x4J http://bit.ly/2BYTzpM