The Central Bank of the Republic of Turkey said it has lowered the proportion of TRY required reserves that must be held in blocked accounts.

Reserve Bank of Australia financial stability assessment says banks have capacity to withstand a significant deterioration in the housing market.

Nick Timiraos said Vice Chair JEFFERSON indicated officials may prefer to wait longer before another rate hike, echoing remarks from New York Fed President John Williams. Both senior Fed officials are implicitly casting doubt on an October hike, after investors had been upping odds for an October move in recent days. JEFFERSON said future policy adjustments should be guided by careful assessment of data trends, the evolving economic outlook and the balance of risks; yields across maturities have risen since the September meeting, suggesting investors are re-evaluating the macro backdrop. He added that he and colleagues need to make their own judgments, which may require more time, and that he will keep assessing whether trends point to inflation returning to target quickly enough — more data should clarify the appropriate policy stance.