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  • Aug 21, 2024

Hawkish RBA Struggles to Win Over Market That Expects Easing

(Bloomberg) -- Australia’s central bank chief Michele Bullock is struggling to persuade money markets and economists with her hawkish message, in a sign that the Reserve Bank has work to do to win back credibility lost during the pandemic.Most Read from BloombergThe Serious Work That Free Play Can DoThe RBA this week used minutes of its August meeting to convey how seriously it considered raising interest rates before opting to keep them higher for longer. While the statement made it clear a cut

  • Aug 21, 2024

Korean Stock Bulls Pin Hopes on Fed Rate Cuts for Revival

(Bloomberg) -- South Korean bulls are looking to the Federal Reserve’s interest-rate cuts to give the country’s stocks a bigger boost over emerging Asian peers.Most Read from BloombergThe Serious Work That Free Play Can DoMoney managers at Causeway Capital Management and M&G Investments are among those expecting the won to gain momentum as the Fed eases, attracting foreign inflows in a market heavily swayed by global investors. As risk sentiment improves along with lower interest rates, bulls ar

  • Aug 21, 2024

BOJ’s Ueda Is Set to Face Intense Scrutiny After Market Chaos

(Bloomberg) -- Governor Kazuo Ueda will face intense market scrutiny Friday after the Bank of Japan’s rate hike and his clear hawkish signals contributed to a meltdown in global financial markets earlier this month. Most Read from BloombergThe Serious Work That Free Play Can DoUeda is scheduled to respond to questions from lawmakers in the lower house of parliament from 9:30 a.m., followed by another session in the upper house starting at 1 p.m. Each session is set to last two and a half hours.

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