Australia goes on the defensive with record-low interest rate

Lower home prices and consumption, along with China risk, threaten growth streak

20190604N Australia housing 2

"For Sale" signs dot properties around the Sydney area as housing prices slumped in 2018. (Photo by Fumi Matsumoto)

FUMI MATSUMOTO, Nikkei staff writer

SYDNEY -- Australia's central bank has reduced a key interest rate to an all-time low, looking to counteract headwinds that put the country's unprecedented run of economic growth at risk.

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