Australia central bank holds rates, opaque on policy outlook

SYDNEY (Reuters) - Australia's central bank kept its cash rate at a record low of 2.5 percent on Tuesday saying the full impact of past easing was still percolating through the economy, though it offered little guidance on the chance of further cuts.

China Economy Better Than Expected

The world’s No. 2 economy is better than early forecasts have suggested. On Wednesday, the World Bank upped the ante for China GDP, saying it would grow at 8.4 percent instead of their previous forecast of 8.1 percent.