RBA and RBI Central Bankers Take Center Stage
Reserve Bank of Australia Governor Philip Lowe gave his first policy statement Tuesday without deviating from a neutral stance. But his failure to mention inflation data due in a fortnight may signal a scaling back of CPI’s current significance. The cash rate was left unchanged at 1.5 percent. Indian stocks rose for a third day after the new Reserve Bank of India Governor Urjit Patel cut borrowing costs at his first policy review, taking advantage of easing consumer prices to bolster expansion in Asia’s third-largest economy. Commerzbank Head of EM Economics & EM FX Research Peter Kinsella discusses with Bloomberg's Francine Lacqua on "The Pulse."