Bloomberg Australia’s central bank chief Philip Lowe signalled his board is firmly on hold for now, saying further cuts to the nation’s already historically-low interest rate risk doing more long-term damage to the economy than the short-term benefit they would create. “While it’s plausible that we can move towards our goals, at least right at the moment the risks have ...

Bloomberg Philippine central bank Governor Benjamin Diokno said he anticipates the next interest-rate cut will probably come around the middle of this year. The bank will remain “data-dependent,” but still has monetary policy space to ease after it lowered interest rates for the fourth time in a year, Diokno said in an interview with Bloomberg TV’s Haidi Lun. Bangko Sentral ...

Bloomberg Passengers stuck on a cruise ship being quarantined in Hong Kong are beginning to worry that lax controls on the boat and a lack of information puts them at risk of being exposed to the deadly coronavirus. “We are in quarantine, but everyone is still walking around,” Edgar Chan, 28, said using WhatsApp. The software engineer, his sister and ...