Recent data indicates that inflation in Australia has cooled down ahead of the Reserve Bank of Australia (RBA)’s upcoming interest rate decision. The Australian Bureau of Statistics released monthly consumer …
Inflation
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The US Federal Reserve has chosen to maintain interest rates, reflecting a cautious approach as officials evaluate the effects of President Donald Trump’s economic policies. This decision followed a two-day …
- Finance
Inflation Remains Stable, Yet Core Figures Climb, Dashing Hopes for a Second Rate Cut
by adminAustralia’s consumer price index (CPI) for January has held steady, although a rise in core inflation has diminished expectations for a potential second interest rate cut in the early part …
- National
RBA Acknowledges Delayed Response to Surge in Inflation, Cautions Australians Against Expecting Further Rate Cuts
by adminIn a recent admission, Reserve Bank of Australia (RBA) Governor Michele Bullock acknowledged that the bank was slow to respond to rising inflation by increasing interest rates. Reflecting on past …
- Finance
Westpac Lowers Interest Rates as Banks Gear Up for ‘Mortgage Wars’ Amid Anticipated RBA Rate Cut
by adminBanks may quickly lower mortgage rates to attract borrowers if the Reserve Bank of Australia (RBA) implements an expected interest rate cut today. The RBA’s first cash rate meeting of …
- Cost of Living
Commonwealth Bank Reports $5.1 Billion Half-Year Profit, Anticipates Relief for Households
by adminThe Commonwealth Bank has announced a half-yearly net profit of $5.1 billion, a modest increase from $4.8 billion previously, driven by robust core business growth and reduced loan impairment costs. …
- Finance
February Interest Rate Cut Appears Increasingly Probable, But Experts Caution Against Assuming Certainty
by adminEconomists are increasingly optimistic that mortgage holders and small businesses will receive much-anticipated interest rate relief soon. The ASX200 recently closed at 8447 points, a rise of 0.57 per cent, …
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Australia’s core inflation rate has unexpectedly dropped to 3.2 per cent for the December quarter, raising expectations for a possible interest rate cut next month. While economists predicted a rate …
- Politics
Aussies Eager for Positive Inflation Updates This Week Ahead of Reserve Bank’s First Rate Decision of 2025
by adminThe Australian federal government is poised to release promising inflation data this Wednesday, ahead of the Reserve Bank’s first interest rate decision of the year. Recent Treasury analysis indicates significant …
- Cost of Living
What Changes Can We Expect in Grocery Prices by 2025 Amid the Cost of Living Crisis?
by adminConsumers in Australia can expect grocery prices to remain high into 2025, as experts indicate significant reductions are unlikely. Retail expert Gary Mortimer from Queensland University of Technology noted that …
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