Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it
Nov 01, 2023 07:11 am UTC| Economy Central Banks
Each of Australias big four banks is now predicting a rate rise in six days time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total...
If central banks don't start cutting them soon, it could actually increase inflation
Nov 01, 2023 07:03 am UTC| Economy Central Banks
What next for interest rates? The Bank of Englands Monetary Policy Committee (MPC) is widely expected to leave them unchanged when it meets on November 2, despite the fact that UK headline inflation is still at 6.7%. If...
As treasurer, Bill Hayden set Labor on the path to economic rationalism
Oct 24, 2023 09:21 am UTC| Economy Central Banks
Former Labor leader and governor-general Bill Hayden, whose death was announced on Saturday, is rightly being remembered for introducing Australias first universal healthcare scheme Medibank, which lives on today as...
Inflation: raising interest rates was never the right medicine
Oct 23, 2023 08:19 am UTC| Economy Central Banks
Inflation remains too high in the UK. The annual rate of consumer price inflation to September was 6.7%, the same as a month earlier. This is well below the 11.1% peak reached in October 2022, but the failure of inflation...
Sep 29, 2023 08:50 am UTC| Economy Central Banks Politics
As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the banks governor, received imploring letters from premiers spanning both the country and the political...
Why central banks should stop raising interest rates
Sep 28, 2023 02:49 am UTC| Insights & Views Economy Central Banks
Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of Englands 14-month campaign of base rate hikes. Led by the US Federal Reserve, many of the worlds major central banks, including the...
Sep 26, 2023 03:55 am UTC| Economy Central Banks
The Bank of England (BoE) has been strongly criticised for failing to predict the surge in inflation. Had it done so, it could have reacted more quickly and prevented inflation from rising as high as 11% in autumn...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects