Reuters: US Dollar Report: Australia central bank cuts rates to 3.0 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 3.0 pct Dec 4th 2012, 03:34 SYDNEY | Mon Dec 3, 2012 10:34pm EST SYDNEY Dec 4 (Reuters) - Australia's central bank on Tuesday cut its main cash rate a quarter point to 3.0 percent to match the record lows from the global financial crisis, as insurance against an uncertain world outlook, a high currency and soft export prices. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. Most analysts had thought the central bank would cut this week and markets had been almost fully priced for an easing.

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