Reuters: US Dollar Report: Australia central bank cuts rates to 3.25 pct

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia central bank cuts rates to 3.25 pct Oct 2nd 2012, 04:34 SYDNEY | Tue Oct 2, 2012 12:34am EDT SYDNEY Oct 2 (Reuters) - Australia's central bank on Tuesday cut its main cash rate a quarter point to 3.25 percent, the third cut in six months as a high local dollar, soft export prices and benign inflation all argued for easier policy. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. Most analysts had thought the central bank would hold off until November before considering a cut.

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