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The Reserve Bank of Australia has delivered a ‘double-whammy’ interest rate rise, with up to five more to come in 2022.
Immediate reactions to announcements about the future can significantly affect the future economy.
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Research shows new tech announcements have a real, immediate impact on the economy. How can we apply this to economic news
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We are at a dangerous tipping point in ‘inflationary psychology’, says the central bank for the world’s central banks.
On the economy, people smugglers, parliamentary sitting, and Julian Assange
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
Will the latest Bank of England interest rate hike tackle inflation?
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Recent rate hikes will not do much to tackle inflation, but greater cooperation between the Bank of England and the government could help the UK economy.
Wall Street is following Fed rate hike news with rapt attention.
AP Photo/Seth Wenig
The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
For ECB President Christine Lagarde, inflation is turning into a blooming nightmare.
EPA
As the European Central Bank announces its first increase in interest rates, investors are getting very nervous.
Ghana’s borrowing has it on the verge of debt distress.
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There are a number of reasons why Ghana’s domestic borrowing is more expensive than foreign debt.
The UK has fallen behind.
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Increasing productivity means increasing investment, but raising interest rates makes businesses do the opposite.
Fed Chair Jerome Powell has a tough job in bringing down inflation without killing the economy.
AP Photo/Alex Brandon
The Fed lifted its benchmark interest rate by half a percentage point as it fights raging inflation.
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation.
THE CANADIAN PRESS/Sean Kilpatrick
While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
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Beware any advice to go either fixed or variable. You are unlikely to outsmart the bank.
Not looking healthy.
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Normally investors view the future as more uncertain than the present. When that turns on its head, it’s often a bad omen.
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The federal government’s expanded first home loan deposit scheme will help those who qualify, at the expense of those who don’t.
Jerome Powell has a tough job ahead.
Tom Williams, Pool via AP
The Fed officially began its biggest inflation fight in four decades.
The rock and the hard place.
Sergey Nivens
Central banks are facing some of their toughest monetary policy decisions ever.
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The cost of living crisis could get even worse.
Federal Reserve Chairman Jerome Powell.
EPA
A market crash may be more likely than at any time in a generation.
The price of used cars has soared during the pandemic.
AP Photo/Matt Rourke
Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.