interest rates

Reserve Bank of Australia has decided to raise the cash rate target by 25 basis points to 4.35%

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Reserve Bank of Australia has decided to raise the cash rate target by 25 basis points to 4.35%

The Board of Reserve Bank of Australia has decided to raise the cash rate target by 25 basis points to 4.35%, while also increasing the interest rate on Exchange Settlement balances to 4.25%. This decision was influenced by the persistently high inflation in Australia, which has been more persistent than expected. Although the central forecast … Read more

US Economy Contracts for a Second Straight Quarter, Raising Fears of a Recession

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US recession & Economic crisis

The US economic situation continued its decline for a second consecutive quarter, registering a 0.9% annual contraction from April to June. Concerns are growing that the nation might be on the brink of an economic downturn, characterized by two consecutive quarters of reduced economic activity. This downturn in Gross Domestic Product (GDP) was primarily influenced … Read more