Tag: Australia
Work numbers show slight increase across markets
According to the UK Office for National Statistics monthly real gross domestic product (GDP) is estimated to have grown by 0.3% in January 2023, after falling by 0.5% in December 2022. Looking at the...
Stricter policy rates on borrowing to stay as inflation rages on
The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.5 percentage points to 1.0%.
More inflation data causes rate surges again among top banks
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress...
Struggling UK sales figures, Canadian trade on the upside
Per the Australian Bureau of Statistics hours worked decreased by 0.6 million hours (less than 0.1%) in seasonally adjusted terms between August and September 2022, and employment increased by 900 people (less than 0.1%). Throughout the pandemic, the hours worked series shows larger short-term changes compared to the employed series, given that employees may have been away from paid work for a short period without losing their job.
Australia raises rates, ECB inflation woes continue.
The Board of the Reserve Bank of Australia decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by...
Major economies start to grapple inflation as tapering seems imminent
Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance...
Good data in the Oceania region, other regions grapple inflation
The Reserve Bank of Australia released a statement before the House of Representatives Standing Committee on Economics. The outlook for the Australian economy has improved since the last meeting....
