RBA’s Stevens Sees ‘Good Deal’ of Rate Stimulus in Pipeline

Reserve Bank of Australia Governor Glenn Stevens said the 1.75 percentage points of interest rate reductions in the past 16 months is “having an effect.” The Australian dollar climbed as traders pared bets on further cuts. “Overall, there is a good deal of interest rate stimulus in the pipeline,…

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RBA’s Stevens Sees ‘Good Deal’ of Rate Stimulus in Pipeline

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