Reserve Bank slows the pace of interest rate rises with 0.25 percentage point increase
2 years, 3 months ago

Reserve Bank slows the pace of interest rate rises with 0.25 percentage point increase

ABC  

The Reserve Bank has elected to slow the breakneck pace of interest rate rises, with the sixth straight hike being 0.25 of a percentage point instead of the widely expected 0.5. Key points: The RBA's cash rate target has risen a further 0.25 of a percentage point to 2.6 per cent It is the first time since May that the RBA has raised rates by less than half a percentage point The RBA governor said further rate increases are likely although he noted that the global economy has recently deteriorated It is the first time since the RBA's initial hike in May that rates have risen less than 0.5 of a percentage point. "The risk to our call sits with a further 25-basis-point rate rise at the December board meeting, which would take the cash rate to 3.10 per cent." BetaShares chief economist David Bassanese said Australia was likely to keep falling behind the rapid rise of interest rates in the US, which are already 3-3.25 per cent and expected to rise another 0.75 of a percentage point early next month.

Board Bank Interest Rates Percentage Increase Rise Reserve Bank Point Rba  bank  increase  reserve  rate  percentage  board  slows  pace  banks  rise  rises  point  rba  interest  rates

History of this topic

Why is the Australian dollar falling and what could it mean for you?
2 days, 11 hours ago

Why is the Australian dollar falling and what could it mean for you?

ABC  

The Australian dollar is around its lowest level since 2020 against the US currency, continuing its move towards 61 US cents with a sharp fall over the weekend. "While the strong US dollar has left no prisoners, the Aussie softness has been exacerbated by tariff angst, fears over economic growth in China and the repricing in domestic interest rate expectations," …

Interest rates, exporters and Reserve Bank intervention: There's a lot at stake as the Australian dollar weakens
1 week, 4 days ago

Interest rates, exporters and Reserve Bank intervention: There's a lot at stake as the Australian dollar weakens

ABC  

Is the Reserve Bank close to stepping into the currency market to support the Australian dollar and, if so, what does this mean for millions of Australians? Reserve Bank can intervene to support the dollar The Reserve Bank last intervened in the foreign exchange market in 2007-08 during the global financial crisis, when it bought Australian dollars. "This was in …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
3 weeks, 6 days ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

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. The faster price gains for consumer goods like food …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
1 month ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
1 month, 2 weeks ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future
2 months, 1 week ago

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future

ABC  

The apparent roar of approval was almost deafening. It's a world that, down the track, promises a return of inflation and permanently higher interest rates as America shifts to a more protectionist global stance that punishes China and, by extension, hurts Australia. Since mid-September, US money markets almost inexplicably have begun forecasting a rise in interest rates. The bond is …

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation
2 months, 1 week ago

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting, despite inflation falling to its lowest level in almost four years. In a statement, the RBA said while inflation has "fallen substantially" since it peaked in 2022, underlying inflation remained too high at 3.5 per cent in the September quarter. The …

The cheapest home loan interest rate in Australia as banks slash rates
3 months, 1 week ago

The cheapest home loan interest rate in Australia as banks slash rates

Daily Mail  

Australian borrowers tempted by lower fixed rate mortgages should not jump in too soon, amid predictions of even better deals on offer in 2025. Macquarie Bank on Thursday slashed its two and three-year fixed rates by 20 basis points to 5.39 per cent - now Australia's lowest mortgage rate outside of a green loan. But their lowest fixed rates are …

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?
3 months, 3 weeks 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 …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months, 3 weeks ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump
3 months, 3 weeks 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 …

Why is the US cutting interest rates? What does it mean for Australia?
3 months, 4 weeks ago

Why is the US cutting interest rates? What does it mean for Australia?

ABC  

The US Federal Reserve has cut interest rates overnight in an important move for the global economy. Economists predicted the Fed would want to start cutting rates before inflation hits 2 per cent because there's a long lag time between interest rate movements and their effect on the economy. It means the Reserve Bank's cash rate target, which sits at …

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

The US is about to start cutting interest rates, so expect Australia to follow
4 months, 2 weeks ago

The US is about to start cutting interest rates, so expect Australia to follow

ABC  

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what's going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday. Rate cuts by the US Fed and other central banks will create a near-irresistible pressure …

Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief
4 months, 4 weeks ago

Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief

Daily Mail  

The woman who decides the fate of millions of mortgage holders has declared a rate cut won't be happening anytime soon - despite what other countries have done this year. Reserve Bank Governor Michele Bullock told a parliamentary hearing on Friday that Australia would not be copying the approach of other central banks that have cut rates this year, with …

With rates on hold again, the government and the public hold their breath. What comes next?
5 months, 1 week ago

With rates on hold again, the government and the public hold their breath. What comes next?

ABC  

The Reserve Bank's decision to leave interest rates unchanged is the latest in a series of fizzers. RBA governor Michele Bullock did take the unusual step of telling us we should not expect a rate cut in the next six months, taking us out to at least February next year. RBA Board keeps interest rates at 4.35 per cent Photo …

Why this past year has been one of the WORST ever for Australian businesses - as they go bust at a record rate
5 months, 1 week ago

Why this past year has been one of the WORST ever for Australian businesses - as they go bust at a record rate

Daily Mail  

Beautician Giulia Teaupa says she almost closed her business as the most aggressive interest rate hikes in a generation came close to crippling her financially. Giulia Teaupa, who runs Beautician Australia in the Sydney suburb of Miranda, was very close to insolvency as higher interest rates meant she had fewer customers But she was fortunate, having managed to stave off …

Why the Reserve Bank of Australia should hold off on interest rate hikes in August
5 months, 2 weeks ago

Why the Reserve Bank of Australia should hold off on interest rate hikes in August

ABC  

There's a curious thing about openness, communication and transparency. Because, despite recently showing a real reluctance to want to push interest rates even higher, she and her Reserve Bank of Australia colleagues have for the past two years made it abundantly clear that they were committed to hammering inflation into submission. Money markets right now have just a one-in-five chance …

'RBA to hike in August', says investment bank as property market pushes on up
6 months, 2 weeks ago

'RBA to hike in August', says investment bank as property market pushes on up

ABC  

In short: The Australian property market will remain robust this year and next, according to several analysts. Australian property prices are expected to increase by as much as 5 per cent in calendar year 2024, according to the June PropTrack Property Market Outlook Report. "We got capital cities a little stronger at 6 to 7 per cent for the 2024 …

The good news is the Australian economy is about to turn up. Here's why
6 months, 2 weeks ago

The good news is the Australian economy is about to turn up. Here's why

ABC  

Right now things feel awful. Inflation was going to be 3.9 per cent, not the present 3.6 per cent and headed down, and the Reserve Bank's cash rate was going to climb two times in the second half of 2023 from 4.1 per cent to 4.5 per cent. Back in mid-2023, when asked about the probability of a recession in …

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia
6 months, 4 weeks ago

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia

ABC  

The Reserve Bank has kept interest rates on hold at 4.35 per cent. "Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance," the Board said. RBA governor warns the narrow path is 'getting a bit narrower,' but doesn't expect a recession The RBA board …

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits
7 months, 2 weeks ago

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits

Live Mint  

-- Australia’s inflation is showing persistent strength and weighing heavily on the finances of some households, a senior Reserve Bank official said, highlighting the limits to further interest-rate increases. “The board are absolutely focused on the fact that inflation is clearly still above the target band,” RBA Assistant Governor Sarah Hunter said at a conference in Sydney on Thursday, referring …

Reserve Bank of Australia Governor Michele Bullock reveals why business failures are at the highest level in a decade and Labor's new policy to address construction skills shortages
8 months, 1 week ago

Reserve Bank of Australia Governor Michele Bullock reveals why business failures are at the highest level in a decade and Labor's new policy to address construction skills shortages

Daily Mail  

Australia's most powerful central banker has suggested corporate insolvencies are at a decade-high during a building crisis because many companies couldn't cope with interest rates rising from record lows. Reserve Bank of Australia Governor Michele Bullock has weighed into this to imply many of these businesses couldn't cope with interest rates rising from a record-low of 0.1 per cent. Reserve …

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem
8 months, 1 week ago

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem

ABC  

If only there was a diagnosed condition called One Size Fits All syndrome. That's helped push one measure of price rises — core inflation — higher on a quarterly measure. Quick as a flash, that's sparked a renewed demand from some sections of the economics commentariat for further rate hikes to smash the evils of inflation once and for all. …

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes
8 months, 3 weeks ago

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes

ABC  

In short: Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the Reserve Bank this year. Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the …

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse
10 months, 1 week ago

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse

ABC  

The softening-up process is already underway. There's now every possibility the GDP numbers could tip negative, giving the first real indication that Australia's economy is shrinking under the weight of 13 interest rate hikes in quick succession. The RBA lifted the cash rate to 4.35 per cent last November, but it hasn't fully flowed through to the whole economy. Prepare …

RBA governor Michele Bullock says she doesn't agree with IMF that Australia needs higher interest rates
11 months ago

RBA governor Michele Bullock says she doesn't agree with IMF that Australia needs higher interest rates

ABC  

Reserve Bank governor Michele Bullock says she doesn't agree with the International Monetary Fund that Australia should be lifting interest rates even higher. Earlier this week, the RBA board decided to keep Australia's cash rate steady for another six weeks, at 4.35 per cent, saying there were "encouraging signs" that inflation was falling as required. RBA keeps interest rates steady …

New deposit rate cuts herald cheaper loans
1 year ago

New deposit rate cuts herald cheaper loans

China Daily  

A visitor walks past the booth of Bank of China during an expo in Beijing. CHEN JUNMIN/FOR CHINA DAILY Reductions most substantial since 2016; may incentivize consumption China's biggest banks cut interest rates on deposits on Friday, which analysts said may have marked the biggest cut since 2016 and will likely help create room for benchmark lending rates to decline …

Commonwealth Bank forecasts massive interest rate cuts for Australians: Here's when the country's biggest bank predicts they will begin
1 year ago

Commonwealth Bank forecasts massive interest rate cuts for Australians: Here's when the country's biggest bank predicts they will begin

Daily Mail  

The Commonwealth Bank is now forecasting six interest rate cuts in 2024 and 2025 - starting in September next year as Australian inflation moderates faster than predicted. Mr Halmarick is basing his prediction of 150 basis points of rate cuts, in 2024 and 2025, on inflation falling back to the top of the Reserve Bank's two to three per cent …

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried
1 year, 1 month ago

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried

Daily Mail  

Australian borrowers have been warned to expect another rate hike even though the Reserve Bank has this month left interest rates on hold. The cash rate is already at a 12-year high of 4.35 per cent after the RBA last month raised rates for the 13th time in 18 months. KPMG chief economist Brendan Rynne said the Reserve Bank statement …

Radical solution to help millions of struggling Aussies pay off their mortgage after aggressive interest rate rises
1 year, 1 month ago

Radical solution to help millions of struggling Aussies pay off their mortgage after aggressive interest rate rises

Daily Mail  

A Liberal senator is calling for Australians to be able to put their superannuation into an offset account so they can handle rising mortgage rates. The Reserve Bank's 13 interest rates rises in 18 months have caused monthly mortgage repayments to surge by 69 per cent. With variable mortgage rates now approaching seven per cent, Liberal senator Andrew Bragg has …

Reserve Bank warning MORE interest rate rises could be on their way
1 year, 1 month ago

Reserve Bank warning MORE interest rate rises could be on their way

Daily Mail  

Delaying the Melbourne Cup Day rate hike would have risked a more aggressive increase to interest rates in the months ahead, minutes released by the Reserve Bank have revealed - but there still may be more rises to come. The RBA, in its November 7 board minutes released on Tuesday, noted its updated economic forecasts, which show inflation returning to …

The RBA has hiked the cash rate again. Here's how the banks have responded
1 year, 2 months ago

The RBA has hiked the cash rate again. Here's how the banks have responded

ABC  

The Reserve Bank of Australia hiked the cash rate by 0.25 percentage points after the monthly meeting on Tuesday. For mortgage holders: The standard variable home loan interest rate will increase by 0.25 per cent per annum, effective from November 17, 2023. For mortgage holders: Variable interest rates across home loan products will increase by 0.25 per cent per annum …

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began
1 year, 2 months ago

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began

ABC  

After keeping rates on hold for the past four meetings, the Reserve Bank has resumed hiking its cash rate target, with a quarter of a percentage point increase taking the benchmark interest rate to 4.35 per cent. Key points: At 4.35 per cent, the cash rate is at its highest level in 12 years The rate rise will add around …

Fed officials vote to hold interest rates steady at 22-year high thanks to 'strong' US economy - here's what it means for YOUR wallet
1 year, 2 months ago

Fed officials vote to hold interest rates steady at 22-year high thanks to 'strong' US economy - here's what it means for YOUR wallet

Daily Mail  

The Federal Reserve today announced interest rates will remain at their current level of between 5.25 and 5.5 percent. The Fed's relentless campaign to hike interest rates has taken borrowing costs from an all-time low of 0.5 percent in April 2020 to 5.5 percent today. The Federal Reserve today announced interest rates will remain at their current level of between …

The Federal Reserve holds interest rates steady but hints at more action this year
1 year, 3 months ago

The Federal Reserve holds interest rates steady but hints at more action this year

NPR  

The Federal Reserve holds interest rates steady but hints at more action this year Enlarge this image toggle caption Saul Loeb/AFP via Getty Images Saul Loeb/AFP via Getty Images The Federal Reserve left interest rates unchanged Wednesday, but signaled that it's open to an additional rate hike, if necessary, to combat stubborn inflation. Sponsor Message Economic projections released Wednesday show …

Bank of England hikes interest rates for 14th consecutive time despite inflation slowdown
1 year, 5 months ago

Bank of England hikes interest rates for 14th consecutive time despite inflation slowdown

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. As it pushed interest rates to a fresh 15-year high, …

Interest rates could remain above 5pc until 2026, Bank warns
1 year, 5 months ago

Interest rates could remain above 5pc until 2026, Bank warns

The Telegraph  

A typical mortgage holder coming to the end of a fixed rate deal in the second half of this year will see monthly payments rise by around £220. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “Borrowers due to come off cheap fixes face a real payment shock.” The Bank expects house prices to fall “modestly’ in …

Inflation slows more than expected, chance of an August RBA interest rate rise reduced
1 year, 5 months ago

Inflation slows more than expected, chance of an August RBA interest rate rise reduced

ABC  

Consumer prices rose 0.8 per cent over the three months to June, making a 6 per cent increase over the past year. Key points: Quarterly inflation slowed from 1.4pc in March to 0.8pc in June The annual rate of headline inflation is 6pc, down from 7.8pc in December Economists and financial traders now believe an RBA interest rate rise next …

World banks are lifting rates higher and markets aren’t yet sure what to make of it
1 year, 6 months ago

World banks are lifting rates higher and markets aren’t yet sure what to make of it

LA Times  

Stocks drifted to a mixed finish on Wall Street on Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The Fed held interest rates steady at its last meeting after raising rates aggressively throughout 2022 and into 2023 to tame painfully high inflation. Central banks worldwide have been raising interest rates to …

How $20 has become the new $10 amid Australia's cost of living crisis
1 year, 7 months ago

How $20 has become the new $10 amid Australia's cost of living crisis

Daily Mail  

Australians are now looking at paying nearly $20 for a simple lunch amid surging inflation that just a few years ago would have cost half that. $20 has become the new $10 as Australia's cost of living crisis worsens One Australian woman complained on Reddit that this sorry lunch cost her nearly $17 Beer prices have surged beyond $17 in …

Australia's economy grew by 0.2pc in March quarter, signalling marked slowdown in GDP
1 year, 7 months ago

Australia's economy grew by 0.2pc in March quarter, signalling marked slowdown in GDP

ABC  

Australia's economy grew 0.2 per cent in the first three months of 2023, according to the Bureau of Statistics. Key points: The economy is growing at an annual rate of 2.3 per cent, down from 2.7 per cent The household saving ratio has fallen to its lowest level in nearly 15 years Higher interest rates and the rising cost of …

Interest rates raised for 12th time as Bank attempts to curb inflation
1 year, 8 months ago

Interest rates raised for 12th time as Bank attempts to curb inflation

The Independent  

UK interest rates are at their highest level in 15 years after the Bank of England announced a 12th consecutive increase – but it forecast inflation would finally dip by the end of this year. Full coverage: Interest rates – live updates It comes as UK Consumer Prices Index inflation remained firmly in double digits in March, squeezing household budgets …

Bank of England set to raise interest rates for 12th time in a row
1 year, 8 months ago

Bank of England set to raise interest rates for 12th time in a row

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. The Bank’s aim in elevating interest rates is to …

Bank deposit rates: How the tide turned, in charts
1 year, 8 months ago

Bank deposit rates: How the tide turned, in charts

Live Mint  

Banks are increasingly paying more on deposits, reversing months of their trend of making loans costlier in response to repo rate hikes but slacking away on rewarding savers. Mint explains: Since May 2022, deposit rates have increased 113 basis points, compared to 100 bps for loan rates, a Mint analysis shows. This means that for every percentage point increase in …

New Zealand interest rates are still rising — now mortgage stress data reveals how households are coping
1 year, 8 months ago

New Zealand interest rates are still rising — now mortgage stress data reveals how households are coping

ABC  

New Zealanders are missing payments on their buy-now-pay-later debts at a rapid rate, and there has been an uptick in "early-stage arrears" on mortgages as economic conditions in the country tighten. It has been 18 months since the official cash rate in New Zealand started to climb from its low of 0.25 per cent throughout the early years of the …

RBA delivers 'massive' interest rate hit to millions of Australians already struggling with overwhelming cost pressures
1 year, 8 months ago

RBA delivers 'massive' interest rate hit to millions of Australians already struggling with overwhelming cost pressures

ABC  

It was designed to shock, and it did just that. On Tuesday, the Reserve Bank of Australia increased its cash rate target — after a month's pause — by 0.25 percentage points, to 3.85 per cent. "Don't forget that the RBA estimates that 15 per cent of variable rate borrowers will move into negative cash flow by year's end if …

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce
1 year, 8 months ago

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce

ABC  

Here are some comments from Callam Pickering, an economist at global job site Indeed. He's just put out this note on the rate decision, which I think is worth quoting in full: "The flow of recent economic data provides a compelling case for further rate hikes,” he said. "The RBA anticipates that further rate hikes may well be needed to …

Higher Interest Rates Drive U.S. Economy Slowdown To 1.1% Rate
1 year, 8 months ago

Higher Interest Rates Drive U.S. Economy Slowdown To 1.1% Rate

Huff Post  

LOADING ERROR LOADING WASHINGTON — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced inventories. Yet the central bank’s policymakers are aiming for a so-called soft landing: Cooling growth enough to curb inflation yet not so much as to send the world’s …

The RBA's interest rate pause was a close call that could change as early as next month
1 year, 8 months ago

The RBA's interest rate pause was a close call that could change as early as next month

ABC  

The Reserve Bank has revealed its decision to pause its aggressive interest-rate-hiking strategy was a close call, while warning that more hikes may be needed to tame inflation. Key points: The RBA kept interest rates on hold this month for the first time in a year Minutes from the meeting show board members want time to see the lagged impact …

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