Category: Your Budget
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Alan Kohler: It’s trying more and more like inflation targets could have outlived their usefulness
The inflation battle of 2022-23 has moved from crushing demand created by the extreme (with hindsight) pandemic response to suppressing wages. Central banks at the moment are elevating rates of interest to cease companies giving wage rises above inflation, and in the event that they do, to forestall them being handed on in costs. However…
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Will the RBA flip the interest-rate screws once more? Tuesday assembly will inform
Mortgage holders will likely be feeling uneasy forward of one other shut rate of interest name that would see their month-to-month repayments blow out even additional. The Reserve Financial institution has been battling excessive inflation with larger rates of interest since Might final yr and has to date handed out 400 foundation factors of will…
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Extra charge ache forward? This week will present some clues
The Reserve Financial institution’s subsequent transfer on rates of interest stays shrouded in uncertainty and public appearances from two senior officers might present clues. The central financial institution has jacked up the official money charge 12 instances since Might final yr, selecting to push the hike button at each assembly besides April’s. The return to…
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White-knuckle look ahead to Tuesday’s newest RBA rate of interest choice
One other shut rate of interest name is looming for the Reserve Financial institution amid persistent inflation and stagnant productiveness progress. The RBA board is as a consequence of meet on Tuesday afternoon for the June money price name after lifting rates of interest 11 occasions since Could final yr in a bid to stamp down rising…