Reserve Bank chief slammed for suggesting Aussies getting haircuts are to blame for inflation

1 year, 1 month ago

Reserve Bank chief slammed for suggesting Aussies getting haircuts are to blame for inflation

Daily Mail

The Reserve Bank's new governor Michele Bullock has been slammed for suggesting Australians getting haircuts are to blame for high inflation. With inflation still high at 5.4 per cent, Ms Bullock said domestic demand for services was now the key driver of high prices. The Reserve Bank's new governor Michele Bullock has been slammed for suggesting Australians getting haircuts are to blame for high inflation One follower joked those without much hair on top could avoid paying tax on their company car. With inflation still high at 5.4 per cent, Ms Bullock said domestic demand for services was now the key driver of high prices The Reserve Bank of Australia this month raised interest rates for the 13th time in 18 months, taking the cash rate to a 12-year high of 4.35 per cent.

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Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare

3 months, 2 weeks ago

Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare

Daily Mail

Australia's top banker has been slammed by a senior Labor minister for suggesting borrowers may have to 'sell their homes' to cope with aggressive rate hikes. Reserve Bank Governor Michele Bullock has been slammed after warning households may have to 'sell their homes' due to rising interest rates Education Minister Jason Clare criticised the comments, stating, 'I don't want anyone …

Michele Bullock: The one glaring word missing from Reserve Bank boss' speech as she says inflation crisis is 'homegrown' - and issues a grim warning about interest rates to Australians

1 year, 1 month ago

Michele Bullock: The one glaring word missing from Reserve Bank boss' speech as she says inflation crisis is 'homegrown' - and issues a grim warning about interest rates to Australians

Daily Mail

Reserve Bank governor Michele Bullock has warned Australia's skyrocketing inflation is a 'homegrown' issue but failed to address concerns that increased immigration is worsening the crisis. Reserve Bank governor Michele Bullock admitted Australia's skyrocketing inflation is a 'homegrown' issue The RBA is considering ways to bring Australia's inflation, currently running at 5.4 per cent, back to its 2 to 3 …

Former treasurer Peter Costello blames Reserve Bank of Australia for house price rises

3 years, 1 month ago

Former treasurer Peter Costello blames Reserve Bank of Australia for house price rises

Daily Mail

Australia's longest-serving treasurer has blamed the Reserve Bank for the extraordinary surge in house prices across the country. Scroll down for video Australia's longest-serving treasurer has blamed the Reserve Bank for the ridiculous surge in house prices Dr Lowe has since indicated interest rates could rise in 2023 but he ruled out raising the cash rate early to cool an …

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What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?

5 days, 17 hours ago

What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?

Daily Mail

Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again. James Smith, developed markets economist, UK, at ING, said: 'Our base case is for back-to-back to rate cuts from February onwards, with Bank Rate falling to 3.25 per cent later in the year. While services …

Market Inflation Services Bank Cent Rate Cut

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Trending News

5 days, 19 hours ago

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Daily Mail

Inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country. Spikes in petrol and tobacco prices drove CPI to 2.6 per cent, up from 2.3 per cent in October, the Office for National Statistics said. Ms Reeves said: 'I …

Inflation Budget Cent Working People Ons

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

6 days, 21 hours ago

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

Live Mint

Shaktikanta Das’ tenure as governor of the Reserve Bank of India has come to an end. For companies, lower rates mean lower interest outflows on their existing borrowings and hence higher profits and possibly higher stock prices. For market participants, lower rates mean that retail investors are incentivized to invest more in stocks in search of higher returns, leading to …

Food India Market Inflation Monetary Policy Control Interest

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

1 week, 1 day ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

India Delhi Inflation Indian Demand Rate Rbi

DC Edit | FM, new RBI chief signal cut

1 week, 4 days ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Inflation Economic Growth Rbi Edit Fm

Retail inflation slows slightly at 5.48%

1 week, 4 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

Inflation Retail Inflation

Retail inflation eases to 5.48% in November from above 6% in October

1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Food Inflation Price Urban Areas Rbi

Brazil Central Bank Pledges to Hike Rates to 14.25% by March

1 week, 5 days ago

Brazil Central Bank Pledges to Hike Rates to 14.25% by March

Live Mint

-- Brazil’s central bank increased the benchmark interest rate by a full percentage point and promised to deliver two hikes of the same size in the next two meetings as it rushes to recover investor confidence and tame inflation expectations. Through FX credit-line auctions, the central bank sells the so-called dollar spot and pledges to buy it back in the …

Inflation Bank Brazil Central Rate Bloomberg

Inflation likely eased to 5.5% in November: Mint poll

1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

India Inflation Rbi

DC Edit | Will RBI tweak inflation focus?

1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

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Staying the course: On the RBI and inflation

Trending News

2 weeks, 3 days ago

Staying the course: On the RBI and inflation

The Hindu

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

Growth Inflation Interest Rates Rbi Mpc

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

Trending News

2 weeks, 4 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

Growth Inflation Rbi Das Rate Cut Crr Q2 Gdp

'Our job is…': RBI Governor defends policy action amid criticism over lending rates

2 weeks, 4 days ago

'Our job is…': RBI Governor defends policy action amid criticism over lending rates

India Today

RBI Governor Shaktikanta Das defended the central bank’s cautious approach to cutting key rates during his address on Friday. In his statement during the Monetary Policy Committee meeting for December, Das highlighted the importance of maintaining economic stability amidst evolving global and domestic challenges. “As a central bank, our job is that of an anchor of stability and confidence, which …

Inflation Monetary Policy Food Inflation Rbi Das Mpc

Is MPC doing enough on inflation? Consumers are divided

3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

Inflation Interest Rates Rbi Cut Mpc Respondents Survey

India’s central bank should adhere to its inflation-targeting mandate

Trending News

1 month ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Food India Policy Inflation Monetary Policy Interest Rates Food Inflation

Energy costs push UK inflation to 2.3 percent

1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Inflation Price Rate Ons Energy Costs

Millions hit with mortgage blow as rise in inflation crushes hopes of interest rate cut

1 month ago

Millions hit with mortgage blow as rise in inflation crushes hopes of interest rate cut

Daily Mail

Interest rate cut hopes were crushed yesterday after a bigger-than-expected rise in inflation to a six-month high - in a blow to millions of borrowers. Higher inflation will add to the Bank of England's reluctance to cut its benchmark interest rate, currently at 4.75 per cent. Latest economists' forecasts Rachel Reeves's Budget has also dented rate cut hopes - as …

Inflation Labour Budget Interest Cent Cut Rates

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts

1 month ago

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts

Live Mint

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts. Consumer prices rose by an annual 2.3% in October, pushed up almost entirely by an increase in regulated domestic energy tariffs, after a …

British Price High Rate Britain Rate Cuts Rise

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut

1 month ago

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut

Daily Mail

There will be no early Christmas present from the Bank of England. The jump in inflation announced today – from 1.7 per cent in September to 2.3 per cent in October – has dashed any lingering hopes of another interest rate cut this year. Inflation spiked to 2.3 per cent in October as fears grow over the impact of the …

Inflation Bank Interest Rates Cent Cut Bank Of England England Rate

RBA says February rate cut not guaranteed even if inflation figures rosy

1 month ago

RBA says February rate cut not guaranteed even if inflation figures rosy

ABC

The Reserve Bank could hold off on a February rate cut even if underlying inflation is lower than it expects, a move that would reverberate among mortgaged households and could undermine the federal government's electoral fortunes. But the minutes suggest a rate cut is not assured even if December inflation is low using the Reserve Bank's favoured "underlying" measure, which …

Energy Board Inflation Relief Rate Cut Bill

Inflation behaving more like a magician who tricks you again and again

1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Policy Rate Rbi Das Inflation Behaving

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds

1 month, 1 week ago

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds

India Today

Union Minister of Commerce and Industry Piyush Goyal shared his opinion that food price inflation should not play a role in the Reserve Bank of India's interest rate decisions. RBI Governor Shaktikanta Das had earlier warned that inflation risks could rise due to factors like food prices, indicating that a rate cut should not be assumed. RBI GOVERNOR SHAKTIKANTA DAS …

Food India Inflation Interest Rates Interest Food Inflation Rate

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

1 month, 1 week ago

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

Live Mint

The Reserve Bank of India should cut the key benchmark interest rates to boost economic growth and look through the food prices while deciding on monetary policy, Union Minister of Commerce and Industry Piyush Goyal said. Growth needs a further impetus,” Piyush Goyal told the news portal, also stating that it's an “absolutely flawed theory” to consider food inflation while …

India Inflation Pti Rate Rbi Cut Das

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

1 month, 1 week ago

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

Daily Mail

Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse. Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse Summers is worried that President-elect Donald Trump may only make 'Bidenflation' worse The central bank made a 25 …

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Mint Quick Edit | Inflation above 6%: There goes a December rate cut

1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Rbi Mint Quick

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

1 month, 1 week ago

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

Live Mint

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Annual retail inflation as measured by the consumer price index likely rose a second straight month to 5.81% in …

India Inflation Indian Rbi Reuters Food Price

US Inflation Progress Gets Harder in Last Mile Down

1 month, 2 weeks ago

US Inflation Progress Gets Harder in Last Mile Down

Live Mint

-- US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target. For full analysis, Even so, “the story is very consistent, with inflation continuing to come down on a bumpy path,” and one or two bad reports won’t change that pattern, Fed Chair Jerome …

Europe Growth China Inflation Data Bank Central

RBA governor Michele Bullock says she didn't 'caution' the government about its spending

1 month, 2 weeks ago

RBA governor Michele Bullock says she didn't 'caution' the government about its spending

ABC

Reserve Bank governor Michele Bullock has rejected suggestions she cautioned the federal government about its spending behaviour, amid media reporting that she had warned the treasurer to exercise restraint in the lead up to next year's election. The government's attitude 'is the right one' "What I've been observing is that the private sector in Australia at the moment is very …

Fiscal Policy Markets Inflation Trump Interest Rates Interest Spending

Why Britain’s inflation nightmare may not be over

1 month, 2 weeks ago

Why Britain’s inflation nightmare may not be over

The Telegraph

Rachel Reeves’s record tax-raising Budget will be bad news for homeowners with mortgages, according to the Bank of England. Threadneedle Street has warned that interest rates are expected to fall more slowly because of Reeves’s inflationary Budget, keeping mortgage repayments higher for longer. Rising costs for employers and a big rise in government spending means inflation will now take a …

Budget Bank Interest Rates Rates Mpc Inflation Nightmare

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

1 month, 2 weeks ago

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

ABC

Treasurer Jim Chalmers has received a blunt warning from Reserve Bank of Australia governor Michele Bullock about the inflationary consequences of any potential splashy pre-election spending promises as she left the door open to even higher interest rates. Mr Chalmers said in the wake of Labor's Queensland election loss, the coming federal election "was never going to be — from …

Inflation Bank Interest Rates Interest Rate Rba Albanese Mr Albanese

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

Trending News

1 month, 2 weeks ago

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

Inflation

New Zealand's economic woes lure thousands of Kiwis to Australia

2 months, 1 week ago

New Zealand's economic woes lure thousands of Kiwis to Australia

ABC

Australia and New Zealand are neighbours, friends and sporting competitors. The interest rate on repayments is higher than the cash rate set by the Reserve Bank of New Zealand, so when their introductory offer expired, repayments went from "two point something" on their mortgage to 7.15 per cent. "It's going to be a triple-dip recession with three episodes of two …

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Interest rate cut ‘nailed on’ after UK inflation falls to three-year low

2 months, 1 week ago

Interest rate cut ‘nailed on’ after UK inflation falls to three-year low

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A fall in UK inflation …

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Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises

2 months, 1 week ago

Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Responding to the inflation data, chief Treasury secretary Darren Jones …

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Bank of England could be ‘more aggressive’ with interest rate cuts, says governor

2 months, 2 weeks ago

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

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Major bank makes big call on interest rates - here's when home borrowers can expect some relief

2 months, 3 weeks ago

Major bank makes big call on interest rates - here's when home borrowers can expect some relief

Daily Mail

A major bank has now revised its interest rate forecasts to have the Reserve Bank providing relief in February. National Australia Bank also forecast rates being eased by 25 basis points during every quarter of 2025 until the cash rate fell to 3.1 per cent in early 2026 for the first time since February 2023. A major bank has now …

Inflation Bank Interest Rates Cent Rba Expect Reserve

Column: American economists and consumers got inflation wrong during its recent surge. They still do

2 months, 3 weeks ago

Column: American economists and consumers got inflation wrong during its recent surge. They still do

LA Times

Sen. JD Vance tried to blame the $4 price of a dozen eggs on Kamala Harris in this campaign video. The “strong policy response” Powell referred to was the Fed’s raising of short-term interest rates 11 times, a total of 5.25 percentage points, from March 2022 through July 2023. In November 2021, however, Powell told Congress that it was “probably …

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Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

2 months, 4 weeks ago

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Daily Mail

Reserve Bank chief Michele Bullock has openly mocked Treasurer Jim Chalmers by suggesting she could hypothetically 'smash the economy' with more rate rises. But Ms Bullock has weaponised Dr Chalmers's critique of the most aggressive rate rises in a generation, just three weeks after the Treasurer accused the Reserve Bank of 'smashing the economy'. Reserve Bank chief Michele Bullock told …

Canada Inflation New Zealand Bank Cent Rate Rba

PETER VAN ONSELEN: Which of these statements about the Australian economy is true? 1) Australia has won the war on inflation 2) Interest rates are too high 3) The country is run by a bunch of muppets

3 months ago

PETER VAN ONSELEN: Which of these statements about the Australian economy is true? 1) Australia has won the war on inflation 2) Interest rates are too high 3) The country is run by a bunch of muppets

Daily Mail

I used to enjoy a good muppet show as a kid, but the muppet show we'll see tomorrow when the latest inflation data gets revealed will be far less edifying. RBA Governor Michele Bullock will see through tomorrow's headline inflation figure And that underlying figure will be higher than the top end of the Reserve Bank's target range. The underlying …

Inflation Bank Interest Rates Rates Figure Rba Muppet

Bank policymaker says higher interest rates needed to ‘purge’ inflation risks

3 months ago

Bank policymaker says higher interest rates needed to ‘purge’ inflation risks

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A policymaker at the Bank …

Bank Ms Mann Uk Inflation

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?

3 months ago

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?

ABC

Perhaps no question matters more to Australians worn down by three years of relentless cost pressures: when will the Reserve Bank cut interest rates? But not too much – which is why when inflation shoots high, the Reserve Bank raises interest rates to suppress demand by making it more expensive to borrow and spend. But the Reserve Bank prefers a …

Inflation Jobs Bank Interest Rates Price Demand Way

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump

3 months ago

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump

ABC

The US Federal Reserve has cut rates in a dramatic move that will have a major impact on the American economy and could help determine who occupies the White House for the next four years. By cutting rates by half a per cent, the Fed has signalled it thinks the battle against the high inflation that has plagued the US …

Economy Inflation Trump White House Bank Interest Rates Interest

How will inflation affect Labour’s plans for the economy?

3 months ago

How will inflation affect Labour’s plans for the economy?

The Independent

It’s early days, obviously, but one of the factors that helps any government “deliver” and win re-election is a healthy economy. Having repeatedly stated that they inherited the worst economic situation since the war – albeit a highly tendentious claim – Labour undoubtedly faces a challenge in achieving the electorally magical combination of low inflation, high employment, rising living standards, …

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Bullock's Lowe moment has put an end to the uneasy political truce over the RBA

3 months, 1 week ago

Bullock's Lowe moment has put an end to the uneasy political truce over the RBA

ABC

Before she set off the chain of events that would reduce the Reserve Bank reforms to a smoking wreckage, Governor Michele Bullock gave a nervous laugh. Hawks and doves The six-month comment may have been meant to reassure "hawks" who believed the Reserve Bank had been too soft, leaving inflation stuck around 4 per cent. When his old boss Wayne …

Inflation Bank Rate Taylor Governor Jim Rba

Dollar stable, yen wobbles ahead of US inflation data

3 months, 1 week ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

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Why the Reserve Bank will be forced to cut rates before year's end

3 months, 2 weeks ago

Why the Reserve Bank will be forced to cut rates before year's end

ABC

Until just a few weeks ago, it seemed as though the developed world had pulled off what once was thought to be the impossible. And yet, despite this mounting evidence of a critical economic slump, there remains a rump of high-profile economists openly criticising the Reserve Bank of Australia's reluctance to push interest rates above 5 per cent. Parliament House …

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When Keir Starmer said ‘painful’, he meant it. Prepare for years of ‘austerity’

3 months, 2 weeks ago

When Keir Starmer said ‘painful’, he meant it. Prepare for years of ‘austerity’

The Independent

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. One former special adviser adapted Stalin’s …

Labour Budget Treasury Reeves Starmer Decision No Doubt

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier

3 months, 2 weeks ago

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier

ABC

There's plenty of buyer's remorse inside Labor these days. Treasurer Jim Chalmers has blamed successive interest rate rises for "smashing the economy", as the government braces for more weak economic figures due this week. Failure to bring inflation back to the bank's 2 per cent to 3 per cent target range would ultimately force the Reserve Bank to "slow the …

Economy Labor Inflation Bank Interest Rates Interest Rates

Prime minister affirms 'respect' for Reserve Bank after Wayne Swan blasts its interest rates strategy

3 months, 2 weeks ago

Prime minister affirms 'respect' for Reserve Bank after Wayne Swan blasts its interest rates strategy

ABC

Prime Minister Anthony Albanese has defended the Reserve Bank of Australia after former Labor treasurer Wayne Swan likened its monetary policy strategy to "punching itself in the face". In an interview on Nine on Friday morning, Mr Swan accused the RBA of "putting economic dogma over rational decision making," after governor Michele Bullock repeated on Thursday that she did not …

Monetary Policy Work Interest Rates Governor Rba Swan Bullock