The Reserve Bank is likely to impose a third straight interest rate rise in August after unemployment fell to a 48-year low last month. Some financial experts have tipped a 75 basis point rise next month – bringing the cash rate to its highest point since 2015.
Need to get ahead of this inflation and go a full 1%
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As interest rates rise aggressively, are central banks mixing a 'cocktail' for global recession?As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession. When Trudeau Senior was at the helm, Canada's home loan interest rates hit 30%. Trudeau junior is far more destructive. People are about to find out just how much the free stuff really costs. What do you think would happen when most of the world collectively prints trillions in a short period of time? The days of everyone wanting it and wanting it now was always going to end in pain.
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Unemployment has fallen to a surprise 48-year low. It could mean more bad news on interest ratesThe latest unemployment figure could spark more aggressive rate hikes from Australia's central bank, economists say. mmm... and those remaining NEED assistance to secure work! not punitive measures to ensure they CAN'T get work! how about going back to govt operated job search/training... assistance to employers willing to take on those with disabilities?... but oh no.... Tony_Burke Closer to the True Rate. Roy Morgan has released its unemployment estimate for June, with the nation’s unemployment rate falling to an equal pandemic low of 7.8% and underemployment falling to 8.5%: Well done ScottMorrisonMP on making this possible when you were in office
Source: SBSNews - 🏆 3. / 89 Read more »