Central banks made it clear at a forum in Portugal this week that they are prepared to raise interest rates again,and keep them there as long for as it takes.
The Australian sharemarket fell for the third consecutive day on Friday after the Bank of England raised interest rates to a 15-year-high.
Tory MP Lucy Allan said on her website that she did not believe high mortgages were a price worth paying to bring inflation down.
Policymakers said they were expecting the pace of price rises to slow “significantly” in the coming months despite February’s surprise increase in inflation.
The panel overseeing the RBA’s first independent review in 40 years may hand the government two sets of recommendations to overhaul the central bank.
All circumstances are aligned for another long wave of cheap imports from China and East Asia.
The world’s leading economies continue to face steep challenges,with countries accounting for about one-third of global gross domestic product poised to contract this year or next.
With the RBA and US Fed meeting this week,we are set to get an insight into just how high interest rates could go and when they may start to fall.
The embarrassing backflip the Truss government has been forced into proves that in the battle between a central bank and politicians in today’s volatile environment,there will only be one winner.
Prime Minister Liz Truss is battling to keep her job after shredding her economic growth plan.
Two key events coming up could inject even more volatility and instability into the already volatile and unstable global markets.