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
The RBA Governor Michelle Bullock has flagged the board won’t hesitate to increase finance charge rates, but critics say another hike would hazard crashing the economy. The Australia Institute Executive Director Richard Denniss says increasing finance charge rates is “dangerously unnecessary” and it’s more important to avoid a recession than get inflation down to the … Read more
A series of consumer confidence and company surveys reveal Australians aren’t feeling very optimistic about the economy. The latest Westpac survey found the sentiment dip was centred around family finances, while there’s early evidence the stage three duty cuts have done little to decrease fears of another borrowing charge rate hike. Alongside that, job ads … Read more
The lender of Canada has become the first G7 country to cut its key policy finance charge rate. The country’s Central lender moved the cash rate down to 4.75 per cent from five per cent, even though inflation remains outside the target range. It has many wondering when other central banks will follow. The European … Read more
Real estate agents say higher borrowing charge rates are putting off some home buyers. It comes as the Reserve lender left the cash rate on hold at 4.35 per cent. RBA governor Michele Bullock says financial conditions are “particularly restrictive” on households at the moment, and she hopes she doesn’t have to raise rates again. … Read more
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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
The price of gold is surging into ‘uncharted territory’ as uncertainty and volatility reign on global markets. Australia’s fifth most valuable export has been hitting new highs, surpassing $US2,200 an ounce in March 2024. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626 As the gold price has continued to climb, analysts have been scrambling to update their … Read more
The ABS monthly inflation indicator held steady in February at 3.4% for the third month in a row, prompting the share sector to rise on anticipation the Reserve lender will cut debt charge rates later this year. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626 The chief economist of Barrenjoey Capital Partners, Jo Masters, says confidence is … 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