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Sat, May 04, 2024 04:14 PM All times are UTC

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Central Banking Series

Top economists expect RBA to hold interest rates low in 2022, as real wages fall

Feb 02, 2022 09:26 am UTC| Economy Central Banks

Australias leading forecasters expect the Reserve Bank to resist pressure to lift interest rates all year, despite rising interest rates overseas, much higher inflation, plunging unemployment, and financial market traders...

FxWirePro: ECB leaves key rates unchanged, focus on Lagarde's remarks at presser

Oct 28, 2021 12:45 pm UTC| Central Banks

The European Central Bank (ECB) held interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely...

Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way

May 09, 2021 09:21 am UTC| Economy Central Banks

Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...

The Bank of Canada must seize the pandemic moment and do more for Canadians

May 09, 2021 09:17 am UTC| Economy Central Banks

The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Huawei Prepares to Unveil Kirin PC Chip Alongside New Qingyun Notebooks

Huawei is on the brink of a groundbreaking launch, with leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this...

Tesla Enhances Model Y Lineup with Longer-Range Variant, Price Adjustment

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with Teslas...

Shiba Inu Coin Rockets as Burn Rate Skyrockets 1000% Amidst Market Rally

Shiba Inu Coin (SHIB) ignites the crypto market with a phenomenal rally, propelled by a staggering 1000% surge in burn rates. As 29.11 million SHIB tokens are destroyed, market confidence soars, pushing SHIB past crucial...

Dogecoin Surges 13% as Network Activity Soars, Hits 28,000 New Addresses

Dogecoin experiences a remarkable surge, with its price skyrocketing by 13% in response to an unprecedented rise in network activity. On-chain analytics reveal a staggering influx of 28,000 new addresses, signaling renewed...

Bitcoin Surges Over $63K Amid Revitalized ETF Interest

In a whirlwind of crypto markets, Bitcoin stormed past the $63,000 mark, fueled by renewed ETF activity. Ethereum mirrored the bullish sentiment, holding steady above $3,100. Solana, XRP, and Cardano followed suit, marking...