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The Latest Breaking News from Inflation

Boris Johnson admits he's NOT doing enough to help struggling in Cost of Living crisis

Prime Minister Boris Johnson, who faces accusations he misled MPs over Partygate, also claimed he was an "honest" politician

Daily Mirror

Editorial: Stolen election claims undermine Biden successes

President Joe Biden deserves better grades than he’s getting from public opinion polls.

Tribune News Service

George Skelton: It's time to stop spinning our wheels on gas price relief and head in a different direction

SACRAMENTO, Calif. — California Gov. Gavin Newsom and state legislators have been spinning their wheels for months on gas price relief. They should get the vehicle moving or abandon it.

Los Angeles Times

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Paying off a mortgage? Here’s how the RBA interest rate rise will affect your repayments

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

The Guardian - AU

How the Bank of England base rate rise will affect you as inflation predicted to rise to highest level

Will the Bank of England rate change affect you?

Manchester Evening News

Supermarket chief warns of more price hike pain for shoppers with 'no quick fix'

Asda chairman Lord Stuart Rose has called for more government intervention to ease the pressure on consumers' shopping bills

Wales Online

Prime Minister Scott Morrison says Australians ready for rate increase, as Labor warns nation faces cost-of-living crisis

The Prime Minister says households are prepared to deal with the first increase to interest rates in more than a decade, but Labor says his government is not doing enough to ease cost-of-living pressures.

ABC News

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Interest Rates Just Rose So What Does This Mean For Your Money, Rent & ‘Ability’ To Buy A Home?

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

Pedestrian.tv

Why the RBA should go easy on interest rate hikes: inflation may already be retreating and going too hard risks a recession

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

The Conversation

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

Al Jazeera

Unite strike: Further disruption to council services expected in parts of NI this week

Unite members are striking after rejecting a 1.75% pay increase amid soaring inflation

Belfast Live

Train drivers could strike for first time in 20 years amid cost-of-living fears

Meanwhile, Post Office workers stage national strike over pay today

Insider UK

‘I can’t see it getting any better’: could the UK be heading for a recession?

Small business owners are already being hit as consumers cut back on non-essentials

The Guardian - UK

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Guardian - AU

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The Independent UK

Australian central bank decides first rate hike in 11 years

Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years

AAP

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

The Guardian - AU

In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

The Independent UK

Asian shares mixed in light 'Golden Week' trading

Asian shares are mixed in light “Golden Week" trading with markets in China, Japan and some other countries closed for holidays

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Liverpool Echo

Small changes to save hundreds on food shop as Asda boss warns prices could surge

Consumer rights experts share ways you can reduce your bill amid the cost-of-living crisis

ABC News

Victorian budget 2022 piles on debt to pump money into strained health system, education

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport, all while it attempts to claw back a modest surplus in just four years.

Reuters

Possible Australian rate hike puts cost of living in focus in election campaign

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

StockNews.com

Why Today’s Market Differs from the Stagflationary Stock Market Seen in the 70s

Monday stocks retested the S&P 500’s (SPY) lowest levels of the 2022 correction. Yes, shares bounced higher into the open. Unfortunately that tells us nothing about what comes next. So let's explore what is causing stocks to push to new lows...what the tea leaves say about where stocks go from…

The Guardian - AU

ANZ and CBA to raise after central bank decision – as it happened

This blog is now closed

ABC News

Federal election: Scott Morrison defends rate rise as proof of economic recovery, as Labor says his credentials are 'shredded'

Shadow Treasurer Jim Chalmers is quick to criticise the federal government's economic management, saying today's interest rate rise will negatively impact millions of Australians.

StockNews.com

3 Red-Hot Momentum Stocks to Buy in May

The benchmark indices closed the last month in the red. The market was weighed down by the raging inflation and fear of the Fed’s policy changes. Amid this, fundamentally strong stocks Enerplus (ERF), Athabasca Oil (ATHOF), and Transportadora de Gas (TGS), have gained significant momentum despite the market turbulence.

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