Sydney harbour
Media playback is unsupported on your device
Video

Australia mulls interest rates cut

Australia's central bank is feeling the pressure to cut interest rates amid concerns about the economy. Nick Bryant reports.

Australia's central bank meets to decide on its monetary policy later.

The cost of borrowing currently stands at 3%, and some economists are expecting it to cut to a record low of 2.75% amid a pessimistic economic outlook.

From Sydney, Nick Bryant reports.