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The Latest Breaking News on Economy

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

StockNews.com

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

The Independent UK

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

The Guardian - AU

From analysis to the latest developments in health,
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Property prices, investor decline tipped for regional Victoria as interest rates rise

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

ABC News

RBA hikes interest rates to decade-high in first meeting of 2023

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

The New Daily

Reserve Bank raises interest rates, 'expects that further increases will be needed'

The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.

ABC News

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

ABC News

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Inflation expected to dip through year

The government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months.

Bangkok Post

The ASX falls after the Reserve Bank of Australia delivers its ninth interest rate hike in a row - as it happened

The RBA has lifted the cash rate target to 3.35 per cent, up another 25 basis points, as it keeps trying to squeeze inflation out of the system.

ABC News

Britain’s health workers stage biggest-ever walkout as pay negotiations hit stalemate

Tens of thousands of nurses and ambulance workers joined Britain’s largest-ever health sector strike on Monday – the latest walkout to cause disruption at the National Health Service. Public support for striking staff remains high, but negotiations with the government over pay increases have reached a stalemate.

France 24

The energy sapping struggle to bring inflation under control

MPC rate setter warns that another rise is “likely” at their next meeting

Evening Standard

Tell us your thoughts on the nurses and ambulance staff strike

The action will hit three NHS hospital trusts across Greater Manchester

Manchester Evening News

Glasgow strikes happening this February - full list and everything you need to know

People are taking to the streets in their thousands not just across Scotland but the UK as a whole, with many people such as NHS staff and teachers fighting for the likes of a better pay as the cost of living soars and their workload increases.

Glasgow Live

Bank of England could be forced to raise interest rates again, says policymaker

Inflation could become entrenched as Covid, energy shock and Brexit hit economy, says Catherine Mann

The Guardian - UK

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Evening Standard

BoE rate-setter Mann: further interest rate hikes still more likely than not

Catherine L. Mann said the risk of being too cautious in raising rates is greater than the risk of being too aggressive.

The Guardian - UK

Liz Truss says it is ‘unfair’ to blame her mini-budget for interest rate hike and rules out being PM again – as it happened

UK’s shortest-serving prime minister says she ‘learned a lot’ from time in government but does not want top job again

The Independent UK

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

AAP

Wage boost confidence despite looming rate hike

Government frontbencher Tony Burke says he's confident wages will rise despite a looming interest rate increase when the RBA meets on Tuesday.

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The New Daily

Higher rates, falling home prices and real wages, but no recession: Economists’ forecast for 2023

Higher interest rates, falling home prices and real wages, but no recession. The economic forecast from top financial experts.

The Independent UK

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

The Guardian - UK

Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

The Guardian - UK

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

ABC News

Dominic Perrottet vows to slash energy bills by $250 to help with cost of living

NSW Premier Dominic Perrottet says a re-elected Liberals and Nationals government will slash energy bills by $250 and help households unlock up to $400 in further savings by switching to a better deal.

The Independent UK

Argentina issues new 2,000-peso banknote worth $11 as inflation soars

Inflation levels in the county are some of the worst in the world

The Guardian - UK

Cost of living crisis: how to make smart money decisions in tough times

Interest rates rose this week, adding to pressure from bills. We look at how to make the best choices in an uncertain world

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