Dec. 6 (Bloomberg) -- Gavin Stacey, chief interest-rate strategist at Barclays Capital in Sydney, talks about Australia's economy and central bank monetary policy.
Australia’s central bank reduced its benchmark interest rate today for a second straight month as Europe’s fiscal crisis threatens to slow the nation’s commodity exports, sending the nation’s currency lower. Stacey also discusses the decision by Standard & Poor’s to place 15 euro nations on review for possible downgrade. He speaks with Linzie Janis on Bloomberg Television's "First Look." (Source: Bloomberg)