Australia's central bank cut interest rates to 3.25 percent, their lowest level since the global financial crisis, warning that the growth outlook for next year had weakened. Governor Glenn Stevens ... more 

Australia's central bank cut interest rates to 3.25 percent, their lowest level since the global financial crisis, warning that the growth outlook for next year had weakened. Governor Glenn Stevens (pictured in July) said global weakness was weighing on the outlook, with Europe contracting and the United States only seeing modest growth less