Reuters News First

Reuters ahead with news on Australia's rate decision

Reuters was 20 seconds ahead of the competition with the Australian central bank’s decision on April 7 to keep rates unchanged and led by 45 seconds on the relatively upbeat comment that coordinated monetary and fiscal action would ease the economy’s contraction.

Market reaction:

The central bank’s relatively optimistic tone spurred a 1% rise in the Australian dollar and an eight basis point rise in Australia’s 10-year bond yield