Bloomberg Australia’s central bank will extend its quantitative easing program by a further $76.2 billion and doesn’t expect to increase interest rates until 2024, following in the footsteps of global peers in moving to stamp out premature tapering speculation. Governor Philip Lowe left the key rate and three-year yield target at 0.10%, the Reserve Bank said in a statement on ...

Bloomberg For the first time since 2017, Bank of America Corp. (BofA) clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street. Investors surveyed by the investment bank see signs that long positions in the largest digital currency are reaching unprecedented levels, while retail traders and institutional names join the crypto ...

Bloomberg India’s banking regulator has appointed an external firm to audit the technology infrastructure of the country’s biggest private-sector bank, a rare move that follows a penalty for repeated outages. HDFC Bank Ltd. will “extend its cooperation” to the auditor, the Mumbai-based lender said in an exchange filing on Tuesday. The bank will pay for the audit, it said. The ...