Australia central bank slices cash rate to all time low at 2.25 per cent, more cuts seen

Australia’s central bank cut its cash rate to an all-time trough of 2.25 per cent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward pressure on the local dollar.

via South China Morning Post - Business feed http://ift.tt/1zBNREt