ASX falls on Wall St worries, BHP tumble
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Amid concerns that simmering price pressures will delay much needed interest rate cuts, price pressures intensified in April to 3.6 per cent.
Australians struggling with the cost of living have been offered a glimmer of hope from the Prime Minister.
As the PM backs in ‘two outstanding public servants’ tipped to replace RBA chief Philip Lowe, the opposition has slammed the government for ‘demonising’ the governor.
The RBA has held interest rates steady as homeowners around the country breathe a palpable sigh of relief.
While the RBA has paused interest rate hikes this month, three “hawkish” words could help borrowers see what’s really in store for the future.
The central bank will do what it takes to chase down inflation, warning further rate hikes could be needed soon.
Many will be breathing a sigh of relief following the RBA’s decision not to increase interest rates this month – but there was a sting in the tail.
The Reserve Bank is now “impotent” and more rate hikes, as foreshadowed in Tuesday’s decision, will do nothing to further tame inflation, an economist says.
A group of protesters have gathered outside the Reserve Bank as Philip Lowe hands down his latest decision on interest rates.
Bucking economists’ predictions, the RBA has kept the official cash rate on hold. Here’s how the banks have reacted.
A financial expert says while an impending rate hike could be unwelcome news, a looming economic slump could be a glimmer of hope.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/79