The Latest Breaking News on Economy

All the UK strike dates confirmed for February 2023

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

The Independent UK · Feb 8, 2023

Fed Chair Powell sees ‘significant’ inflation drop in 2023

While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”

Chicago Sun-Times · Feb 7, 2023

Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

The Independent UK · Feb 7, 2023

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 · Feb 7, 2023

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 · Feb 7, 2023

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 · Feb 7, 2023

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 · Feb 7, 2023

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 · Feb 6, 2023

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 · Feb 6, 2023

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 · Feb 6, 2023