Now some updates on interest rates. Australia's central bank Thursday said it would not initiate a near-term rate hike, even though recovery could gradually spur inflation and reduce unemployment.

The Reserve Bank of Australia has been holding rates at 1.5 percent low to stoke inflation. And the Bank Governor Philip Lowe said it's still not the time for Australia to lift rates. The RBA sees CPI inflation between 2.0-2.5 percent over the next couple of years, and underlying inflation is a bit lower, and pay raise can be part of the efforts to meet the target. RBA expects continued gradual recovery and sees GDP growth above 3 percent for the next two years; it also said the next adjustment in interest rates is more likely a raise.