Monday, March 31, 2014

Asian Market Update: China PMIs Diverge Again With Official Rebounding And HSBC Declining, RBA ...

Reserve Bank of Australia held policy rates at 2.50% as expected, and also offered a mixed/neutral accompanying statement. RBA acknowledged the pickup in housing, adding "recent information foreshadows a solid expansion in housing construction", but also noted firms wait for more evidence of improved conditions before committing to expansion plans.



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