Reiterates commitment to keep policy lower for longer Strikes a cautious note on housing market as prices skyrocket Bank to release Financial Stability Review on Friday (Adds economist quotes, A$)
SYDNEY, April 6 (Reuters) - Australia’s central bank left interest rates at an all-time low on Tuesday in a widely expected decision but cautioned it would “carefully” monitor trends in property debt as the housing market boomed.
The Reserve Bank of Australia (RBA) also reiterated its commitment to keep policy accommodative for as long as is needed to pull down unemployment and push inflation higher, signalling the cash rate would remain at 0.1% until at least 2024.
UPDATE 2-Australia c bank cautions about housing boom as rates held at record lows reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR, April 3 (Bernama): The ringgit is likely to move range-bound with a downside risk next week between 4.1350-4.1470 amid potentially better oil prices and concern over a slower economic recovery.
An analyst said the stable demand for oil in the past week may accelerate following data which showed an increased of air travelling activities, mainly from two major consumers, the United States and China. Demand and output for business operations are also seen to be moving in tandem, indicating a stabilising global oil market, which is favourable for the ringgit as it closely correlates with oil prices,” she said.
Friday, 02 Apr 2021 06:53 PM MYT
The report noted that the growth in household debt also normalised to pre-Covid-19 levels in 2020’s second half as the country emerged from stringent movement control restrictions. Picture by Ahmad Zamzahuri
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KUALA LUMPUR, April 2 The operating environment for businesses saw some recovery in the second half of 2020, as movement restrictions gradually eased in most parts of the country.
In its Financial Stability Review Second Half 2020 report released Wednesday, Bank Negara Malaysia (BNM) said compared with the halt in economic activities across most business sectors in the first half of 2020, the containment measures implemented in the second half were less restrictive and more targeted.
AUD/USD Weekly Forecast: Pressure mounts as hopes soar fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.