Verified report from bloomberg.com
NewsMatic brief
Australian businesses are starting to “bubble up” a view that elevated inflation is not coming back down below 3%, Reserve Bank of Australia Governor Michele Bullock told a parliamentary panel on Friday.
NewsMatic provides a concise source-linked brief. The protected full report and continuing updates remain with the original publisher.
Read the full report at bloomberg.com →Related coverage
Indonesia’s new finance minister will retain the policy of his predecessor of keeping about $17 billion in the government’s standby funds with state lenders to help boost borrowing and economic activity.
Read on NewsMatic →
The yen dropped after the Bank of Japan’s decision to hike rates as a split vote sent bearish signals, strategists said. The Japanese currency fell as much as 0.8% and bond markets erased earlier gains after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
Read on NewsMatic →
The yen extended its drop against the dollar after the Bank of Japan lifted interest rates as expected, with two dissents casting doubts on the outlook for further policy tightening.
Read on NewsMatic →
Copper headed for a weekly gain, as signs of a rebound in Chinese demand helped to offset hawkish messaging from the Federal Reserve about the likelihood of more interest rate rises.
Read on NewsMatic →
The yuan climbed to its strongest level in more than four years as China’s central bank continued to guide the currency higher ahead of a meeting between Chinese leader Xi Jinping and US President Donald Trump.
Read on NewsMatic →
Australia’s central bank needs to decide later this month whether its benchmark interest rate is at a level sufficient to restrain price pressures and return inflation to target, Governor Michele Bullock said.
Read on NewsMatic →
