Australia, NZ shares edge up as investors hold cbank vigil

September 20, 2016 6:57 AM

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Sept 20 Australian shares nudged higher on Tuesday, led by materials and financials, as investors awaited outcomes from policy meetings of the Bank of Japan and the U.S. Federal Reserve that conclude on Wednesday.

Reserve Bank of Australia has hinted at a stable outlook for interest rates, having already cut twice this year.

Also read: Fed Contender Taylor Laments Central Bank’s Precrisis Monetary Policy

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