The Reserve Bank of Australia increased its cash rate to 3.85%, the highest level since April 2012, in a decision predicted by only nine of 30 economists.
The deal hasn’t come cheap for anyone, something policymakers need to keep in mind.
With Ukraine expressing an interest in joining the CPTPP, the boundaries of what started as a Pacific Rim trade pact appear unbounded.
China’s post-covid recovery has lost steam and needs continued policy support, says an analyst.