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.

This article is no longer available in our repository.

There could be multiple reasons for this.