Australia cuts rates to new record low of 2.25%
February 02, 2015 at 22:30 PM EST
The Reserve Bank of Australia has jumped on the easing bandwagon, cutting rates on Tuesday for the first time since August 2013, as the central bank moved to prop up an economy hit by falling commodity prices.. Several central banks have loosened monetary policy in recent weeks, including those in Switzerland, Denmark, Canada, India and Singapore, amid...