Shares soar as inflation surprise staves off rate hike Healthcare stocks have led a broad-based ASX rally, after economic figures indicated the Reserve Bank wouldn't need to lift interest rates in August. AAP · Jul 29
‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders ABS data shows inflation still too high but tracking lower than anticipated The Guardian - AU · Jul 29
Surprise inflation drop eases chance of RBA rate hikes Inflation figures have come in under the Reserve Bank's predictions, but some economists warn they might not paint a true picture. AAP · Jul 28
'Too high': RBA rates warning as inflation fears flare The Reserve Bank governor says interest rates may need to go higher, as Australia's weak productivity problem locks households in for lower living standards. AAP · Jul 27
Rate watchers eye inflation data and RBA chief's speech Economists from some of the nation's biggest banks are expecting the RBA board to hold rates at its upcoming meeting, as crucial inflation data is set to drop. AAP · Jul 26
Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel The Guardian - AU · Jul 24
Morning Mail: Labor’s ‘practical policy’ push, Epstein scout dies, why your phone will blare a loud siren on Monday Anthony Albanese to outline plans to help paid work experience in healthcare specialisms; Daniel Siad found dead at his home near Paris The Guardian - AU · Jul 22
Surprise jobs jump gives RBA room to raise rates A larger-than expected rise in employment will not ease Reserve Bank fears about inflation as rising oil prices compound cost pressures. AAP · Jul 22
Think you have a handle on how Australia’s economy works? Take the RBA’s quiz and find out The Reserve Bank wants Australians to understand how its interest rate decisions affect inflation, employment and growth The Guardian - AU · Jul 22
How trust in the RBA could help keep interest rates low Increased knowledge and trust in the Reserve Bank correlates with lower expectations of inflation, which has implications for setting interest rates. AAP · Jul 22
RBI issues draft for future-ready rules related to foreign investments The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. Indian companies may soon list shares on foreign stock exchanges. Foreign investors can also make investments on repatriation or non-repatriation bases. The central bank is seeking public comments on… The Economic Times · Jul 21
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay Malhotra Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors.… The Economic Times · Jul 17
Trump threatens to shoot down signs of economic rebound Oil prices are rising again as conflict between the US and Iran reignites, threatening a recent recovery in household confidence and spending. AAP · Jul 14
'No resources': One Nation defends uncosted policies Pauline Hanson's rising right-wing party has blamed deficient parliamentary resources for the lack of detail about how much its plans will cost. AAP · Jul 12
The Economic Times · Jul 9 RBI launches 3 key surveys to get input for monetary policy The Reserve Bank of India launched three important surveys on Thursday. These surveys will gauge inflation expectations and consumer confidence among households. Data from these surveys will provide critical inputs for monetary policy formulation. The Inflation Expectations Survey of Households will cover nineteen cities. The Rural and Urban Consumer Confidence…
AAP · Jul 8 Inflation-fuelling supply shocks under RBA microscope The Reserve Bank is aiming to make its communications more accessible to a broader audience as it tries to ward off rising inflation expectations.
The Guardian - AU · Jul 3 Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting Exclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competition
The Economic Times · Jul 2 RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for…
AAP · Jul 1 Housing costs crisis needs 'decades' of falling prices Recent falling house prices have barely eroded an affordability gap that has built up over years of rising values, as experts warn much more time is needed.
The Economic Times · Jun 30 Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI report India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant…
The Economic Times · Jun 30 PM Modi appeal impact: Gold import growth down substantially in May Gold imports saw a significant slowdown in May, a welcome development following Prime Minister Modi's calls to curb consumption. This deceleration, with imports at approximately USD 12 billion, marks a third consecutive monthly decline. The Reserve Bank highlighted that while gold prices rose, increased imports had previously widened the trade…
The Economic Times · Jun 30 Indian economy remains exposed to energy price shocks: RBI report India's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite strong fundamentals, the nation remains vulnerable to energy price shocks and geopolitical tensions. While recent policy measures have eased pressure on the rupee and bond yields, attracting capital remains…
The Economic Times · Jun 30 US-Iran thaw to provide tailwinds for growth: RBI India's economic growth could get a boost from the Iran-US peace deal, according to the Reserve Bank's latest report. While the economy shows resilience, elevated commodity prices and a weaker global outlook pose risks. The central bank also flagged potential pressure on the fiscal deficit due to higher energy costs…
AAP · Jun 30 Aussie shares fall as gold drops to eight-month low The main stock exchange index slipped 0.5 per cent, after gold stocks dropped sharply as the price of the metal fell to its lowest level since November.
AAP · Jun 30 Weak housing market could imperil Australia's economy The Reserve Bank says it will not hesitate to raise interest rates again if necessary, according to minutes from its latest board meeting.