Crypto markets remained stable Tuesday as Japan's central bank raised interest rates to a 30-year high of 1% to combat inflation. Despite concerns about the yen carry trade, Bitcoin held above $65,000, with traders appearing to have braced for a selloff.
The Reserve Bank of Australia held its cash rate at 4.35%, ending a streak of hikes. Governor Michele Bullock warned that further increases are possible if inflation doesn't fall to the 2-3% target, despite a potential Middle East ceasefire easing oil prices.
The Bank of Japan has increased its policy rate to 1%, a 31-year high, to combat inflation driven by rising oil costs. This move occurs despite recent falls in oil prices and a four-year low in Japan's core inflation, as policymakers aim to stabilize underlying inflation near their 2% target.
The Bank of Japan has increased its main interest rate to 1%, a 31-year high, driven by rising global energy prices and inflationary pressures. This move signals a shift away from two decades of near-zero rates and deflationary policy.
The Bank of Japan raised its benchmark interest rate to 1 percent, the highest since 1995, citing inflation risks from rising oil prices linked to the US-Israel war on Iran. This move signals a shift away from decades of ultra-loose monetary policy.
The Reserve Bank of Australia maintained its official interest rate at 4.35% due to a slowing economy and rising unemployment. This decision offers little relief to mortgage holders facing increased costs from previous rate hikes. Higher fuel prices are contributing to inflation.
The Reserve Bank of Australia (RBA) has kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock indicated a rate rise is possible due to ongoing price pressures, despite a slight increase in unemployment. The decision offers little immediate relief to mortgage holders.
The Reserve Bank of Australia kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock stated that price rises are still too fast, indicating a potential increase if necessary. The RBA is not alarmed by a rise in unemployment to 4.5%, viewing the job market as still tight.
The Reserve Bank of Australia unanimously decided to keep interest rates at 4.35%. Despite slowing economic momentum and rising unemployment, underlying inflation remains too high. The RBA will monitor economic performance and global factors, including the Middle East conflict's impact on oil prices and trade.
The Reserve Bank of Australia has decided to keep interest rates unchanged at 4.35%. This decision follows recent data indicating a loss of economic momentum and a rise in unemployment. However, with inflation still a concern, the RBA will monitor economic performance before making further adjustments.
The Reserve Bank of Australia maintained its official interest rate at 4.35% due to slowing economic activity and a four-year high in unemployment. This decision offers little immediate relief to mortgage holders facing increased repayments from previous hikes.
The Bank of Japan has increased its main interest rate to 1%, a 31-year high, amid rising global energy prices and a shift towards normalizing monetary policy after decades of deflation. This move aims to cool inflation, though it presents a trade-off with increased borrowing costs.
The Reserve Bank of Australia's board will announce its June interest rate decision at 2:30pm AEST, followed by a press conference with Governor Michele Bullock. Global markets, including Wall Street, saw gains buoyed by a US-Iran ceasefire agreement and a rally in SpaceX shares, partly due to an investment by Gina Rinehart's Hancock Prospecting. Despite overseas optimism, ASX futures suggest a potential dip at the local open.
The Reserve Bank of Australia is widely forecast to keep interest rates on hold at 4.35% today. This decision comes as the economy shows signs of cooling, with moderating inflation and stagnating growth, further supported by a ceasefire agreement between the US and Iran easing geopolitical tensions and oil price concerns.
The Reserve Bank of Australia's interest rate decision is due today at 2:30pm AEST, with no change expected. Global markets rallied overnight, buoyed by a US-Iran ceasefire agreement, with the Dow Jones, Nasdaq, and S&P 500 closing higher. SpaceX shares surged following a significant investment by Gina Rinehart's Hancock Prospecting.
The federal politics live blog from Parliament House, Canberra, covers the Reserve Bank's interest rate decision and the reported ceasefire deal between the US and Iran.
Australia's housing market is experiencing a significant slowdown in investor activity following recent interest rate hikes and Labor's tax reforms, including the abolishment of negative gearing, leading to decreased buyer confidence and a sharp drop in auction clearance rates.
Australian property market activity has significantly slowed due to interest rate hikes, Labor's tax reforms, and global economic uncertainty. Investor and first home-buyer applications have dropped, leading to a 'buyer's strike' and a 'recalibration period' for the market.
Australia's housing market experiences a significant slowdown in investor activity following recent interest rate hikes and Labor's tax reforms, including the abolishment of negative gearing, leading to decreased buyer confidence and a sharp decline in sales.
The Reserve Bank of Australia (RBA) board has gained significant breathing room as benchmark oil prices dropped to $US84 a barrel following a truce between Donald Trump and Iran. This development eases inflation concerns and reduces pressure for further interest rate hikes, with economists now anticipating rates to remain on hold this year.
The Reserve Bank of Australia (RBA) has gained significant breathing room for interest rate decisions due to moderating inflation and a cooling economy. A key factor is the de-escalation of the Iran conflict, leading to a drop in oil prices, which eases global inflationary pressures and reduces the need for further rate hikes.
The Reserve Bank of Australia (RBA) has gained crucial breathing room as falling oil prices, following a tentative truce in the Iran conflict, ease inflationary pressures. This allows the RBA to potentially hold interest rates steady, with economists shifting from advocating hikes to suggesting holds or even future cuts.
US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
Short-sellers are targeting Japan's yen, risking a repeat of the 1997 Asian financial crisis. Japan's weak fundamentals, high debt, and declining competitiveness make its currency vulnerable, despite large forex reserves. A potential inflation-devaluation spiral could profit speculators.
