Australia’s unemployment rate has surged to its highest point in four years, raising fresh concerns about the country’s economic future. To revive the struggling job market, the Reserve Bank of Australia is now considering a cut in interest rates
Browsing: rate cut
The Bank of Canada caught markets off guard by slashing interest rates, despite ongoing uncertainty surrounding the inflation outlook, according to minutes from the latest meeting. Officials weighed economic risks with caution before deciding to ease monetary policy
The Indian rupee is set to ride the wave of the US dollar’s impressive rebound amid dramatic shifts in global markets. Meanwhile, bond investors are closely tracking evolving rate cut forecasts, which are reshaping yields and steering market sentiment in new directions
Australia’s CPI inflation slowed more than expected in May, easing pressure on the Reserve Bank and sparking renewed market optimism about potential rate cuts. Investors are now eagerly watching upcoming economic data for new clues
Australia’s job market experienced a remarkable surge in April, with impressive job gains that took many by surprise. Yet, analysts caution that this strong performance might not be enough to stop the Reserve Bank from slashing interest rates next week, as ongoing inflation and economic pressures continue to loom large.