Australia's Wong Urges Banks to Pass on RBA's Rate Cut

Dec. 7 (Bloomberg) -- Australian Finance Minister Penny Wong talks about the outlook for the nati...  More »

Dec. 7 (Bloomberg) -- Australian Finance Minister Penny Wong talks about the outlook for the nation's economy, banking industry, and European leaders' efforts to find a solution to the region's debt crisis. Australia’s economy grew faster than estimated last quarter on consumer spending and mining-driven investment, spurring the local currency as investors pared bets on the pace of interest-rate cuts next year. Wong speaks with Susan Li on Bloomberg Television's "Asia Edge." (Source: Bloomberg)  « Less