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SYDNEY: Australian unemployment tumbled in May in response to a burst of hiring, further fuelling expectations that Reserve Bank governor Philip Lowe will not extend the timeline of the bank’s yield control measures next month.
SYDNEY (Reuters) - Australia's central bank, the postal service, several commercial banks and a host of other companies suffered temporary internet outages on Thursday, after a second major blackout following an issue at a cloud computing company in little more than a week.
(Reuters) - Central bank digital currencies will complement cryptocurrencies rather than competing with them despite not being structurally different from their country's fiat currencies, strategists and fund managers said.
SYDNEY: Australia’s central bank sketched out several scenarios for its quantitative easing programme which is due to be decided at the July policy meeting, and also set parameters for extending its three-year government bond yield target.
MUMBAI: The Reserve Bank of India (RBI) is unlikely to react yet to multi-month high retail prices as economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources aware of the central bank’s thinking.
NEW DELHI: Indian monetary policy makers’ intolerance for an inflation rate higher than their 4% medium-term target will probably only stay on paper.
TOKYO/JOHANNESBURG/LONDON: Haunted by memories of past U.S. interest rate hikes, the world's central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
SYDNEY: Australia’s AAA credit rating outlook has been raised to “neutral” from “negative”, reflecting the government’s rapid and decisive fiscal and health response to Covid-19, according to S&P Global Ratings.
CENTRAL bankers around the world are mulling the future of their massive bond-buying programmes in a post-pandemic world, knowing that with big balance sheets come big expectations.
South Korea's won softened by about 0.3% on Friday and was set for its third straight session of losses, while the Thai baht slipped 0.4% as the US dollar hit multi-week highs after strong private payrolls data on Thursday (June 3).