JP Morgan downgrades Brazil equities rating.

Capital Economics Asia-Pacific senior economist Abhijit Surya says the RESERVE BANK OF AUSTRALIA has only marginally softened its hawkish tilt. The RBA reiterated it will take whatever measures it deems necessary to return inflation to target, including further increases in the cash rate, but attached that commitment to a condition—action would follow only if upside risks to inflation materialize. Surya adds that despite the committee's firm wording on inflation, Capital Economics does not expect another rate hike in this cycle.

RBA Governor Bullock said the housing market will not constrain rate hikes.