Per person, we’re spending less this year – even on this year’s much hyped Black Friday sales. If that continues over summer and inflation stays low, a rate hike in February 2024 looks unlikely.
The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
Average prices fell in October, driven down by dives in the price of petrol and overseas travel, and an increase in Commonwealth Rent assistance.
The food theft crisis is framed as a threat to paying customers. This furthers the divide between those who can still afford groceries and those who cannot.
National insurance cuts and business investment were all included, as was the pensions triple lock. But our experts saw some omissions.
Australian financial markets are now pointing to a close to zero chance of further rate rises – with a fair chance of a rate cut next year. That’s thanks to the latest news from the US and UK.
The persistence of food insecurity in Canada is a policy choice. By not doing more to improve the adequacy and stability of household income, governments are choosing to let food insecurity fester.
Prices remain high and there is much more the government could do to help people.
So you thought raising interest rates brought down inflation? The reality is a bit more debatable.
The governor’s remarks about the board “not hesitating” to raise rates further aren’t as clear cut as they seem.
Inflation has slipped from 6% to 5.4%, but the price of petrol climbed 7.2% in the September quarter. Much depends on what the RBA thinks will happen from here on.
We need to start cutting rates, but there’s something that has to happen first.
There’s a need to support production and efficiencies in supply and distribution of essential goods and services in Kenya.
Rates are now higher than after Liz Truss’s 2022 mini-budget.
Petrol prices have pushed inflation up. At its next meeting, the Reserve Bank board is going to have to decide if that warrants an increase in interest rates.
The IMF’s US57 billion bailout to Argentina in 2018 was the biggest loan it has ever extended.
In this podcast, Treasurer Jim Chalmers canvasses inflation, migration, the cost of living pressures on households and concerns about China’s economy
Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
With Donald Trump absent again, Republican presidential hopefuls took potshots at each other but agreed that Bidenomics isn’t cutting it.
The government wants offshore wind to form the backbone of the UK’s future electricity system – but a key auction has delivered no new projects.