Bloomberg The Australian central bank’s (RBA) lackluster wage-growth outlook indicates it may have to leave interest rates on hold even beyond 2020. Annual pay rises won’t get above around 2.75 percent for at least the next two years, the Reserve Bank projects. That’s about 1 percentage point less than the wage growth levels achieved when it last began raising rates …

Bloomberg Pakistan devalued its currency for the fifth time this year as the nation negotiates a bail-out with the International Monetary Fund. The rupee fell 3.8 percent to 139 per dollar at close from 133.9. The rupee has erased more than a fifth of its value to become the worst performer in Asia this year, according to a basket of …

Bloomberg For most of Asia’s central banks, things should be a whole lot less exciting next year, and that’s a good thing. As the US Federal Reserve looks towards topping off its interest-rate hike cycle, even those policy makers in the region who haven’t followed the tightening path should be in position to keep policy steady, according to Deyi Tan, …