Australian central bank cuts key interest rate to 0.1%

CANBERRA, Australia (AP) — Australia’s central bank has cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move on Tuesday is the first since March when the Reserve Bank of Australia board made two cuts of a quarter of a percentage point each two weeks apart. The Australian economy has contracted during the first half of the calendar year, although Reserve Bank deputy governor Guy Deb