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SYDNEY: Reserve Bank of Australia (RBA) chief Philip Lowe faces a major communications challenge tomorrow as speculation mounts he will scrap a bond-yield target after the central bank allowed a market selloff to continue without defending it.
SYDNEY: Australian home prices raced to fresh heights in October, piling pressure on the country’s central bank to open the door to an interest rates rise well before the current projection of 2024.
SYDNEY: Australia's central bank on Tuesday took a major step toward unwinding extraordinary pandemic stimulus policies by abandoning an ultra-low target for bond yields and opening the door for an earlier hike in cash rates.
SYDNEY: Australia’s central bank took a major step towards unwinding extraordinary pandemic stimulus policies by abandoning an ultra-low target for bond yields and opening the door for an earlier hike in cash rates.
KUALA LUMPUR: The domestic market remained tightly wound in a consolidation trading band as investors remained cautious over the release of 3Q corporate earnings, which are expected to be negatively impacted by the Covid-19 lockdown.
KUALA LUMPUR: The ringgit extended its downtrend against the US dollar to open lower today as strong demand for the greenback continues to uplift the currency, an analyst said.