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...
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...
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...
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...
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...
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...
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...