In the October meeting, the Reserve Bank of Australia (RBA) kept interest rates unchanged at a record low of 0.1%, in line with market expectations.

The RBA is also continuing its plan to buy government bonds of AUD 4 billion a week until mid-February 2022.

The policymakers noted that the duration and rate of economic recovery in Australia could not be ascertained and it depended on the easing of sanctions in the country.

The RBA reiterated its stance to maintain the existing monetary policy to support the economy and will not raise interest rates until inflation is in the 2%-3%target range, which is seen as unlikely to happen before 2024.

Meanwhile in Malaysia, the tourism industry is looking favourable with people flocking from one tourist spot to the next. With herd immunity within sight, plus the declining number of cases has prompted many people to have a positive outlook in the days to come.