China's big-bang stimulus boosts yuan; Aussie up after RBA
China's yuan hit a 16-month high on Tuesday, after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.
China’s big-bang stimulus boosts renminbi; Aussie up after RBA
CHINA’S renminbi hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.
China Stimulus Measures Boost Global Stocks, Commodities
Global stocks and commodities rallied after China's central bank unleashed a broad package of stimulus measures to boost its flagging economy. The People's Bank of China said Tuesday that it would cut its benchmark interest rate and lower the amount of cash banks need to hold in reserve in a move to boost lending.
China's big-bang stimulus boosts yuan; Aussie firms after RBA
China's yuan hit a 16-month high on Tuesday, after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.
China just released aggressive measures to boost its economy — but some analysts say it's still not enough
"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday.
China’s Stimulus May Keep It From Spoiling Global Economy. But It Still Isn’t Enough.
The effort to encourage consumption and jolt growth is more of a shotgun approach than the bazooka the market has been waiting for.
China stimulus pushes global shares to new peak, boosts commodities
World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.
China unveils broad stimulus measures to revive sputtering economy
Given weak credit demand from businesses and consumers, more fiscal stimulus may be needed to complement the moves announced by the People's Bank of China
China unveils fresh stimulus to boost ailing economy
China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy as it battles a prolonged property sector debt crisis, continued deflationary pressure and high
RBA Holds Key Rate at 12-Year High, Defying Global Easing Pivot
Australia’s central bank held its key interest rate at a 12-year high on Tuesday as it tries to subdue stubborn price pressures that are preventing it from joining a global easing cycle.
Asia Stocks Steady Ahead of RBA Decision, Ueda Speech
The euro was steady at $1.11055 in early Asian hours, having dropped about 0.5% on Monday as business activity reports for ...
Glynn’s Take: Moves to Reform RBA Board Descend Into Farce
The Australian government’s push to reform the Reserve Bank of Australia’s policy-setting board is likely dead in the water, ...
RBA announces new interest rate decision, holding at 4.35 per cent
Australians with mortgages have collectively paid an estimated extra $5.52bn in repayments every month since the Reserve Bank ...
Aussie dlr near 2024 high before RBA; yen drifts as Ueda awaited
The Australian dollar hovered close to its highest level of the year on Tuesday, with the central bank set to hold policy ...
RBA Reforms Face Major Hurdle as Greens Demand Rate Cut
Australian Treasurer Jim Chalmers’ plans to overhaul the Reserve Bank have suffered a major setback after the left-wing ...
RBA Set to Extend Rate Pause as Housing Crisis Props Up Prices
Australia’s record household debt was a key factor in the Reserve Bank’s cautious approach to tightening, and now housing is ...
ASIA Policy spotlight falls on RBA, BOJ's Ueda
The BOJ is the only major central bank raising rates, and investors will be looking to a speech from Governor Kazuo Ueda on ...
Glynn’s Take: Moves to Reform RBA Board Descends Into Farce
The Australian government’s push to reform the Reserve Bank of Australia’s policy-setting board is likely dead in the water, ...
Australia news live: RBA ‘didn’t explicitly consider’ hiking interest rates, governor says; teenager fatally stabbed at Melbourne food court
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