Philip Lowe, governor of the Reserve Bank of Australia (RBA), attends a hearing before the House of Representatives economics committee in Sydney, Australia. (Photographer: Brendon Thorne/Bloomberg)

Australia's Interest-Rate Cut Fails to Lift Gloom About Economy

(Bloomberg) -- Australia’s debt-laden households responded more with concern than enthusiasm to the Reserve Bank’s interest-rate cut, according to surveys conducted since last week’s move.