00:00 The RBA Governor Michele Bullock says financial markets are a little bit ahead of themselves with their expectations of when the central lender will cut rates and the board doesn’t believe Australia is heading for a recession. The RBA kept borrowing charge rates on hold at 4.35 per cent. The Governor said no rate … Read more
Inflation in the March quarter has come in higher than expected, with prices rising by 1 per cent. Annual inflation slowed to 3.6 per cent in the year to March, down from 4.1 per cent in the 12 months to December. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-24/inflation-consumer-price-index-march-quarter-finance charge-rates-hecs/103757332 Forecasters are now pushing back their finance … Read more
Bitcoin has soared to a new high, reaching $US69,000 before plunging by more than 14 per cent to a daily low. The rise of bitcoin has been meteoric, up by about 50 per cent in the last month. Its previous peak was in November 2021, before it crashed in a sector meltdown the following year. … Read more