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Category: U.K. & Eurozone
Australia: Policy Held, No Hint of Further Action
As expected, the Royal Bank of Australia (RBA) decided to keep the Cash Rate unchanged at 3.5% in its August meeting. This is the second month of holding after two previous rate cuts in May read more
UK: Manufacturing Succumbs?
Surprising to the upside, June manufacturing output still slumped 2.9% M/M, more than unwinding the little-revised bounce of 1.2% seen in the previous month, the latter being only the second rise so far this year. read more