Australia's central bank signals more tightening ahead after hiking rates to decade high | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 326. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oak Street Health shares jump more than 35% on report that CVS is nearing acquisitionOak Street Health Inc. shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. was nearing a $10.5 billion acquisition of...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

The world is creating more single-use plastic waste than ever, report finds | CNN BusinessThe world is producing a record amount of single-use plastic waste, mostly made from polymers created from fossil fuels, despite global efforts to reduce plastic pollution and carbon emissions, according to a new report released Monday. The world or few companies? FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeBiafraNow Nigeria government must obey they court order and release our leader mazi nnamdi kanu uncondionll and give us date for referendum Breakdown by country.
Källa: cnni - 🏆 326. / 59 Läs mer »