))
RBA raises interest rates for first time in a decade
Manage episode 327432394 series 3085687
Innhold levert av Ainslie. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Ainslie eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Philip Lowe, Chairman of the Reserve Bank of Australia (RBA) announced yesterday that the cash rate target is now 0.35%, with real rates still very negative. This was the first rate rise since November 2010. The time has come to start withdrawing some of the ‘extraordinary monetary support’ that has been injected into the economy since early 2020. They are now forecasting inflation to peak at 6% in 2022 after annualised inflation in the last month came to 5.1%.
406 episoder
Del
