Asia central banks stun markets with series of rate cuts amid slow growth

Asia central banks signalled major concerns on Wednesday about the outlook for economic growth, stunning markets with a series of surprising interest rate cuts and pointing to policymakers' dwindling ammunition to fight off a downturn. The moves came after trade tensions and slowing global growth prompted the US Federal Reserve to cut rates for the first time in a decade and the European Central Bank to signal policy easing.

Australia's central bank eased policy in June and July. "Almost every tool in the box has been.

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