Iran and iPhones add to Reserve Bank's inflation pickle Reserve Bank assistant governor Sarah Hunter says the broader global economic environment could be more inflationary as a result of the AI boom. AAP · Sep 14
RBI should hike rate by 25 bps in October to counter external shocks: Report An SBI research report recommends the Reserve Bank of India raise interest rates. The central bank should implement a 25 basis point hike next month, it says. This action aims to counter external shocks and rising crude oil prices. Inflationary pressures are also showing signs of becoming more widespread. The… The Economic Times · Sep 11
Rupee falls 27 paise to 95.79 against US dollar in early trade The rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent foreign portfolio withdrawals. Despite having substantial foreign exchange reserves and support from the RBI, the currency remains under pressure. Increasing global yields and expensive oil are further complicating… The Economic Times · Sep 11
Yes, it’s the economy, stupid. But One Nation is outflanking the government on messaging, too Labor is no doubt dreading the likelihood of further interest rate rises, despite Treasurer Jim Chalmers talking up the economy. The Conversation · Sep 11
Aussie shares wobble, oil price keeps traders on edge Geopolitical risks and a soft local economic outlook continue to weigh heavily on investor sentiment, particularly on banks and retail stocks. AAP · Sep 9
Australians are 'furious' about inflation: RBA deputy The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control. AAP · Sep 8
RBI launches key surveys to get inputs for monetary policy The Reserve Bank of India has launched three key surveys today. These surveys aim to gauge inflation expectations and consumer confidence across India. The Inflation Expectations Survey of Households will capture price movement assessments. Urban and Rural Consumer Confidence Surveys will gather sentiment on economic conditions. Results from these studies… The Economic Times · Sep 8
FCNR flows to complicate liquidity management, lead RBI to deploy more tools: Economists Higher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a four-year high. Economists anticipate the RBI will deploy additional tools to absorb surplus funds. These measures may include variable rate reverse repo operations and incremental CRR hikes. Forex reserves have reached… The Economic Times · Sep 3
RBI faces about $11 billion bill on foreign deposits plan India's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial costs for the Reserve Bank of India. The RBI agreed to shield banks from currency risks on these foreign deposits. These operations could cost up to 1.2 trillion rupees over five years. The central… The Economic Times · Sep 3
Grattan on Friday: economic life won’t get much better until Australians climb that productivity mountain Treasurer Jim Chalmers would have sighed with relief at this week’s economic growth figures. Despite some preview talk of possible stagnation, we saw modest growth of 2.1% in the year to the end of June. The Conversation · Sep 3
Worse than 2007: productivity stat bad news for the RBA Low productivity means Australia's economy is growing above its "speed limit", amplifying concerns the Reserve Bank will hike interest rates again. AAP · Sep 2
Interest rates have gone up again. Why it won’t affect the prices that matter most As anticipated, the Reserve Bank of New Zealand has raised the official cash rate (OCR) by 0.25 basis points to 2.75%. The Conversation · Sep 2
'Rush to conclusions': calls for calm on house prices Labor is calling for calm as it shuts down suggestions Treasury modelling of house prices underestimated the impact of tax changes and misled the public. AAP · Sep 2
Morning Mail: Albanese’s approval plummets; US airstrikes on Iran; and a Sydney uni’s chatbot tutors Our latest Essential poll shows backing for the PM and Labor has fallen; fresh hostilities in the Gulf quash peace talks hope The Guardian - AU · Sep 1
AAP · Sep 1 Spending slowdown sparks memories of 'retail recession' Grappling with rising interest rates and declining real wages, retailers are expected to be hit hard by a year of slower consumer spending.
AAP · Sep 1 Treasury tips AI as key driver of productivity growth Advice given to the federal treasurer suggests the real impact of artificial intelligence is too hard to predict but will be largely positive for Australia.
AAP · Aug 30 Economic growth data next milestone for Reserve Bank GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.
AAP · Aug 28 Aussie shares end week higher on decent final session Mining stocks and consumer staples have helped the local exchange snap a two-week losing streak, buoyed by commodity price strength and strong earnings.
AAP · Aug 27 Australian shares slide as rate-hike fears mount Inflation worries have reignited concerns of tighter borrowing costs, darkening an already gloomy outlook for economic growth and company returns.
AAP · Aug 26 Banks tip more hikes as spending surge adds to RBA woes Three out of the four big banks are tipping the Reserve Bank to raise interest rates by November, with one forecasting a hike in a matter of weeks.
The Guardian - AU · Aug 26 Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike
The Conversation · Aug 26 Inflation eases less than expected, making another interest rate hike more likely Easing inflation may give mortgage holders a reprieve on further repayment increases for now – but maybe not for long.
AAP · Aug 25 Banks tipping November rate hike after 'hot' inflation Despite headline inflation falling to 3.5 per cent - the lowest level since November - an above-expectations result adds to the case for more rate hikes.
AAP · Aug 25 'Hawkish' RBA minutes reveal rate rise still an option An extended conflict in the Middle East, a larger-than-anticipated AI boom and ongoing low productivity growth could force the Reserve Bank to lift rates again.
The Economic Times · Aug 23 Gold loan portfolio to surpass Rs 1.5 lakh crore by FY27-end: Indian Bank MD Indian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volumes and robust demand for gold loans. The bank also reported significant CASA deposit growth in the first quarter. It has successfully raised USD 400 million…