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Inflation rises more than forecast, increasing rate hike oddsInflation comes in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month. Lets send a load of bucks to Ukraine! Norway; Sovereign fund. Citizens each worth a fortune via resources. Australia; globalist, pro elite duopoly sold the lot. Citizens most indebted on the planet with 5% plus rates and rising. Jail LNP and Labor. Of course,end of year splurge to today's poppers
Source: abcnews - 🏆 5. / 83 Read more »
‘Real pressure’ on the RBA to ‘go hard on interest rates’Sky News Business Editor Ross Greenwood says the reality is, with annual inflation higher than expected, there’s a “real pressure” on the Reserve Bank to “go hard on interest rates”. The annual inflation released on Wednesday revealed that it now sits at 7.8 per cent. “These higher interest rates for many families means that at some point during 2023, there’s almost a brick wall or a cliff if you like that the families is going to hit which could curb their spending which then affects the overall economy,” Mr Greenwood told Sky News host Andrew Bolt. “That’s the grave fear of having this inflation higher for longer and then the Reserve Bank being forced to raise interest rates higher than what they otherwise might have.” not a word about robodebt If people were not in so much debt because they were foolish and self-indulgent inflation would not be such a problem. Go hard or go home
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Bank of Canada lifts interest rates to 4.5pc and plans to holdCanadian government bond yields fell as investors digested the central bank’s indication it will hold rates while assessing how the economy evolves.
Source: FinancialReview - 🏆 2. / 90 Read more »