Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia also dropped previous guidance that it was not on a pre-set path and forecast inflation would only return to the top of its target range of 2-3% by mid-2025.
Inflation is expected to decline to 4.75% this year and only slow to around 3% by mid-2025, according to the RBA’s latest forecasts. The RBA also expects economic growth to average around 1.5% over 2023 and 2024. The interest rate increases so far, including Tuesday’s move, will add over A$900 a month in repayments to the average A$500,000 mortgage, according to RateCity, a deadweight for a population that holds A$2 trillion in home loans.
We need equipment and vehicle aid in 10 provinces, especially in Hatay, Adıyaman and Gaziantep More than five thousand buildings have been destroyed and we have lost 3.419 people as of now We have hundreds of citizens waiting to be rescued under the rubble. Please hear our voice
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »
स्रोत: cnni - 🏆 326. / 59 और पढो »