About This Source - Bloomberg Markets and Finance
Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent Bloomberg Markets and Finance Items:
Mar.19 — The Reserve Bank of Australia unveiled unprecedented steps to reduce borrowing costs and supply funding to the economy in an effort to limit any permanent damage from the deadly coronavirus. The policy moves announced Thursday included a cut in the nation’s benchmark interest rate by 25 basis points to 0.25%. Governor Philip Lowe comments on the decision at a briefing in Sydney.