RBA Rate Cut in December `Probable'

RBA Rate Cut in December `Probable' Play

Nov. 6 (Bloomberg) -- Glenn Maguire, principal at Asia Sentry Advisory Pty and former Societe Generale SA chief Asia economist, talks about Reserve Bank of Australia monetary policy and the outlook for the nation's economy. Australia’s central bank unexpectedly kept its benchmark interest rate unchanged at a developed-world high as the global economy stabilizes, driving the local currency to a five-week high. Maguire also discusses the country's resources industry and China's growth outlook with Zeb Eckert on Bloomberg Television's "Asia Edge." (Maguire spoke before the RBA announced its interest rate decision. Source: Bloomberg)

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