SYDNEY (Reuters) -Australia's central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, sticking to its...
SYDNEY -Australia's central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang. Wrapping up its September policy meeting, the Reserve Bank of Australia kept rates at a 12-year high of 4.35% and said policy would have to be sufficiently restrictive to ensure inflation returned to target.
Investors have long clamoured for China to unleash broad-based stimulus measures to help turn sentiment around, and while Tuesday's measures are well short of a 'big bazooka' move, it may still be a step in the right direction. Chinese stocks surged and bonds rallied after China's central bank announced monetary stimulus, including its intention to cut the amount of cash that banks must hold as reserves - known as reserve requirement ratios - by 50 basis points.
Donna Kelce Says It's a Good Thing Son Travis Kelce Is 'Very Coachable' Ahead of His Acting Debut in “Grotesquerie ” Donna exclusively tells PEOPLE that Travis making his acting debut "is something he's always had in the back of his mind"PHOENIX — Matt Chapman hit an inside-the-park homer, Casey Schmitt and Michael Conforto both added solo shots and the San Francisco Giants continued to be a problem for teams with postseason aspirations, beating the Arizona Diamondbacks 6-3 on Monday night.
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