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SYDNEY: Australia’s central bank was counting on the economy to keep surprising with its strength when trimming stimulus earlier this month, but might now be forced to reconsider as coronavirus lockdowns spread across the countr
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.
SYDNEY: Australia’s central bank discussed the possibility of further monetary easing at its October board meeting, including cutting the cash rate towards zero and buying longer-dated government bonds, minutes of its most recent meeting showed on Tuesday.
SYDNEY: Australia’s central bank is scaling back its policy firehosing of money markets as dislocations from coronavirus ease and the bank’s bond-buying programme has lowered interest rates across the economy.
Hong Kong: Asian markets slipped on Tuesday (Dec 3) as global trade uncertainty returned to the fore after the United States reimposed tariffs on Argentina and Brazil, threatened steep levies against France and warned China of new measures if ongoing talks are not successful.
LONDON: The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.
SYDNEY: Australian central bank chief Philip Lowe kept his head below the parapet by keeping interest rates unchanged less than two weeks out from an election, saying lower unemployment is needed to drive faster inflation.