Tag: Australia
The BoE voted to increase Bank Rate. Labour force participation the highest recorded
The seasonally adjusted unemployment rate was 3.6 percent in the June 2023 quarter, compared with 3.4 percent last quarter, according to figures released by Stats NZ.
More quantitative tightening despite labour market not at maximum yet
Per the Reserve Bank of Australia announcement, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement...
Big economies near reaching labor capacity
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at...
Signs towards cooling inflation on the horizon for some
Per the Australian Bureau of Statistics the monthly CPI indicator rose 6.8% in the twelve months to February. The most significant price rises were Housing (+9.9%), Food and non-alcoholic beverages (+8.0%) and Transport (+5.6%)....
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...
