13 Mar '23 at 8:51 am #54823
Concerns about the overall health of the regional banking sector remained in place after last week’s failure of Silicon Valley Bank.
Markets were able to climb off their worst levels after The Federal Reserve announced an Emergency Bank Term Funding Loan Program.
People’s Bank of China Governor Yi was reappointed to another five-year term.
South Korea’s exports through the first ten days of March were down 16.2% yr/yr with chip exports falling 41.2% yr/yr.
There are growing expectations that the Reserve Bank of Australia will not make any changes to its cash rate at the April meeting.