News Formal

Stocks strengthen after Australian central bank holds rates

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Asian stocks rose on Tuesday afternoon after Australia's central bank held interest rates steady, which helped ease investor worries about over-tightening of policies by central banks.

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photointerest rates steady, which helped ease investor worries about over-tightening of policies by central banks.edged up by 0.3% by Tuesday early afternoon, reversing mild losses in the morning.added 0.5%. The Reserve Bank of Australia kept its cash rate at 4.10%, saying it wanted more time to assess the impact of past hikes.

"Central banks, especially those in the Asia Pacific region, have no choice but to rebalance their hawkish stance," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks dip, dollar steadies as investors seek rates clarityMost Asian stocks fell on Tuesday, while the U.S. dollar and oil steadied, as investors held safe ranges awaiting more clues on whether central banks will continue their aggressive interest rate hikes.
Source: ReutersAfrica - 🏆 31. / 53 Read more »