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This series is dedicated to providing accurate and timely news about central banking, with a focus on monetary policy, financial stability and regulation for anyone looking to understand the policy of central banks and what central bankers think about the global economy.

Central Banking Series

With inflation still rising, the RBA will almost certainly lift interest rates in February

Jan 26, 2023 11:54 am UTC| Economy Central Banks

Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...

Central Banking Series

Federal Reserve is about to hike interest rates once again – so why are mortgage rates coming down?

Dec 19, 2022 16:43 pm UTC| Economy Central Banks

The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its...

Central Banking Series

This latest increase in RBA interest rates might well be the last, for some time

Dec 08, 2022 10:59 am UTC| Central Banks Economy

You might not know it from reading Tuesdays statement announcing Australias eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough. The statement says inflation is still too...

Central Banking Series

The Bank of Canada just hiked interest rates for the sixth time — is it too late?

Oct 31, 2022 08:50 am UTC| Economy Central Banks

Following closely on the heels of the European Central Bank and the U.S. Federal Reserve Board, the Bank of Canada has raised its target interest rate by 50 basis points. This is its sixth interest rate hike this...

Central Banking Series

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

Aug 03, 2022 00:55 am UTC| Economy Central Banks

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...

Central Banking Series

June jobs report suggests Fed could avoid a recession – but room for error is minuscule

Jul 11, 2022 05:50 am UTC| Economy

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

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Economy

Ford Motor announces price cuts on Mustang Mach-E electric car models

Ford Motor Company is lowering the prices of its Mustang Mach-E electric vehicles, just weeks after Tesla announced price cuts for its EVs. While the automaker is trimming the prices, it is increasing the production of its...

Coca-Cola to use new tethered caps in EU markets

Coca-Cola will begin using a new tethered closure designed to remain intact with its PET bottle, making it less likely to be littered and more likely to be recycled. The lightweight, tethered closure was designed by...

Gucci’s new creative director Sabato De Sarno tasked to reignite heat, boost timeless appeal

Sabato De Sarno has been appointed as creative director by Kering to reinvigorate its Gucci brand by sparking heat with a new direction. Analysts say the task is delicate, given the emphasis executives have also put on...

Hong Kong to enforce CBD ban on February

Hong Kongs ban on cannabidiol (CBD) comes into effect on February 1, imposing harsh penalties for importing, producing, or possessing the substance. CBD will be subject to the same strict controls as other drugs listed...

Nike, Tiffany & Co. collaborate on sneakers

Tiffany Co. and Nike are collaborating on a pair of black and robins egg-blue shoes, dubbed the Tiffany Co. x Nike Air Force 1 1837. Nike announced its collaboration with Tiffany Co. on Instagram, posting a...

Politics

US: Biden administration to propose Obamacare expansion to cover birth control

The Biden administration this week proposed a new provision to the Affordable Care Act that would expand coverage to access birth control. The provision would be for women whose employers have opted out of contraceptive...

UK PM Sunak says acted 'decisively' in dismissing Conservative party chair Zahawi over tax case

British Prime Minister Rishi Sunak said his dismissal of Conservative Party chair Nadhim Zahawi was done decisively following the findings of the ethics probe over Zahawis tax affairs. Sunaks comments are part of efforts...

East China Sea: China coast guard drives away Japanese vessels off disputed islets

The Chinese coast guard said it has driven away Japanese vessels that were transiting through disputed islets in the East China Sea. The incident marks another flare in tensions between China and Japan over the...

Russia-Ukraine war: Zelenskyy visits Mykolaiv, meets with Danish PM Frederiksen

Ukrainian President Volodymyr Zelenskyy visited the southern territory of Mykolaiv this week to meet with Danish Prime Minister Mette Frederiksen. The meeting marks a rare instance a foreign leader visited an area close to...

Science

S. Korean researchers develop urine test that diagnoses cancer

A South Korean research team has developed a strip-type urine test that successfully diagnoses prostate and pancreatic cancer on-site by amplifying the optical signal of the metabolome in urine. The joint research team...

S. Korea to invest ₩275 billion in biopharma R&D projects

South Korea will invest 274.6 billion won in the bio-industry this year for 252 new RD projects in the four fields of biopharmaceuticals, healthcare, biomaterials, and medical equipment in 2023. According to South...

Scientists have started steering lightning with lasers – here's how

Lightning may look beautiful but every year it kills thousands of people, does huge amounts of damage to buildings and infrastructure, and causes power outages. The only protection we have is lightning rods, which were...

Our Solar System is filled with asteroids that are particularly hard to destroy, new study finds

A vast amount of rocks and other material are hurtling around our Solar System as asteroids and comets. If one of these came towards us, could we successfully prevent the collision between an asteroid and Earth? Well,...

Eisai, Biogen apply for Alzheimer's drug approval in Japan

Eisai Co. and Biogen Inc. hope to gain approval with the Japanese health ministry by the end of the year of an Alzheimers drug that could both treat the cause and slow symptom progression. The U.S. Food and Drug...

Technology

McDonald’s tests robot-manned restaurant in US

McDonalds has opened its first restaurant almost without employees in White Settlement, a suburb of Fort Worth, Texas, USA. A video of this restaurant posted on Twitter shows that once a customer walks in, theres no one...

Osaka University designs anti-insect laser gun that could work on roaches too

A research team at Osaka Universitys Institute of Laser Engineering has created a blue laser diode gun that could target and lock on to insects weak spots before firing a precision beam. Led by Professors Hiroshi Fuji...

Intel loses $8 billion in market value after revealing dim forecast

Intel Corp saw about $8 billion wiped off its market value after it fanned fears in the personal computer market by predicting a loss for the first quarter and giving a revenue forecast of $3 billion below...

SK Telecom steps into AI coffee robot biz

SK Telecom is launching an unmanned coffee robot service dubbed AI Barista Robot in collaboration with Doosan Robotics Co. The robot can make about 20 different types of coffee and drinks and offers coffee that...

LG Innotek's net up 10.3% in 2022 on auto components demand

LG Innotek Co. posted a net income of 979.8 billion won in 2022, up 10 percent on-year, due to robust sales of high-value products and growing demand from automotive components. The company, an affiliate of LG group and...
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