Turkish companies that once backed the central bank’s return to orthodox monetary policy are now reporting widespread losses, as borrowing costs near 50% and fears of a hard landing grow.

Indonesia's central bank cut its key interest rate on Wednesday, as expected by the market, resuming its monetary easing after holding policy steady at its previous three meetings. Bank Indonesia lowered the benchmark 7-day reverse repurchase rate ,

Australia’s central bank has reduced its benchmark interest by a quarter percentage point for a second time this year to 3.85% after inflation fell within a target range.