#cashrate — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cashrate, aggregated by home.social.
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On the upcoming RBA's decision on the cash rate: It’s a likely RAISE! My forecasting system indicates an 82 percent probability of such an outcome. All the bond yield curve models say so, but not those that rely on international rates or cash rate dynamics alone. A rate hike seems in line with the RBA’s recent communication, the cash rate staying above the target and inflationary pressures. https://forecasting-cash-rate.github.io/
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On the upcoming RBA's decision on the cash rate: It’s a likely RAISE! My forecasting system indicates an 82 percent probability of such an outcome. All the bond yield curve models say so, but not those that rely on international rates or cash rate dynamics alone. A rate hike seems in line with the RBA’s recent communication, the cash rate staying above the target and inflationary pressures. https://forecasting-cash-rate.github.io/
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On the upcoming RBA's decision on the cash rate: It’s a likely RAISE! My forecasting system indicates an 82 percent probability of such an outcome. All the bond yield curve models say so, but not those that rely on international rates or cash rate dynamics alone. A rate hike seems in line with the RBA’s recent communication, the cash rate staying above the target and inflationary pressures. https://forecasting-cash-rate.github.io/
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‘For some time’: RBA’s grim inflation warning
Reserve Bank governor Michele Bullock has again warned inflation will remain high for longer at parliamentary hearing. Picture:…
#Economy #basispoints #cashrate #centralbank #CentralBanks #interestrates #MicheleBullock #middleeastconflict #mortgageholders #RBAdeputygovernorAndrewHauser #reservebank #ReserveBankGovernor #risingoilprices
https://www.europesays.com/3257332/ -
https://www.europesays.com/ie/692504/ RBA under pressure as US lifts interest rates #AustralianMortgageRates #BasisPoints #Business #CashRate #Economy #Éire #EuropeanCentralBank #FixedRate #IE #InterestRates #Ireland #MortgageHolders #OfficialCashRate #PresidentDonaldTrump #USFederalReserve
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There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cure” a range…
#NewsBeep #News #Economy #AI #AndrewHauser #ArtificialIntelligence #bank #Business #cashrate #centralbank #Costofliving #Inflation #interestrate #MicheleBullock #MiddleEast #monetarypolicy #productivity #RBA #reservebank #SarahHunter #UK #UnitedKingdom
https://www.newsbeep.com/uk/770864/ -
There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cure” a range…
#NewsBeep #News #Economy #AI #AndrewHauser #Artificialintelligence #AU #Australia #bank #Business #cashrate #centralbank #costofliving #inflation #interestrate #MicheleBullock #middleeast #monetarypolicy #Productivity #RBA #ReserveBank #SarahHunter
https://www.newsbeep.com/au/892191/ -
There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cure” a range…
#NewsBeep #News #Economy #AI #AndrewHauser #Artificialintelligence #AU #Australia #bank #Business #cashrate #centralbank #costofliving #inflation #interestrate #MicheleBullock #middleeast #monetarypolicy #Productivity #RBA #ReserveBank #SarahHunter
https://www.newsbeep.com/au/892191/ -
https://www.europesays.com/ie/688825/ There are three main reasons inflation is rising. Higher rates won’t fix them #AI #AndrewHauser #ArtificialIntelligence #bank #Business #CashRate #CentralBank #CostOfLiving #Economy #Éire #IE #inflation #InterestRate #Ireland #MicheleBullock #MiddleEast #MonetaryPolicy #productivity #rba #ReserveBank #SarahHunter
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The RBA says inflation is economic problem number one. Many Australians think the bank is
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cure” a range…
#Economy #AI #andrewhauser #artificialintelligence #bank #business #cashrate #centralbank #costofliving #Inflation #interestrate #MicheleBullock #middleeast #MonetaryPolicy #productivity #RBA #reservebank #sarahhunter
https://www.europesays.com/3251331/ -
There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cur…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #AI #AndrewHauser #Artificialintelligence #bank #Business #cashrate #centralbank #costofliving #Inflation #interestrate #michelebullock #MiddleEast #monetarypolicy #productivity #rba #reservebank #SarahHunter
https://www.newsbeep.com/us/847947/ -
There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cur…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #AI #AndrewHauser #Artificialintelligence #bank #Business #cashrate #centralbank #costofliving #Inflation #interestrate #michelebullock #MiddleEast #monetarypolicy #productivity #rba #reservebank #SarahHunter
https://www.newsbeep.com/us/847947/ -
https://www.europesays.com/uk/1204454/ There are three main reasons inflation is rising. Higher rates won’t fix them #AI #AndrewHauser #ArtificialIntelligence #bank #Business #CashRate #CentralBank #CostOfLiving #Economy #Inflation #InterestRate #MicheleBullock #MiddleEast #MonetaryPolicy #Productivity #rba #ReserveBank #SarahHunter #UK #UnitedKingdom
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A word or two (quoted from Prof. Richard Murphy) on the nonsense of increasing the official #CashRate to stymie anticipated #inflation stemming from external uncontrolled events. Here, the European Central Bank is the guilty party but it holds true for all Central Banks.
“This [ECB] move is meant to control inflation arising as a consequence of the war between the USA and Iran, as well as food shortages arising from that same war and drought. No one is suggesting there is excess demand in the Eurozone. However, inflation arising from excess demand, a phenomenon not seen in many economies for decades because so many people are having so many problems in making ends meet, is the only type of inflation that an interest rate rise can address.”
Not only do we know all of this, but so do the #CentralBanks (they’re not stupid).
“[…] increasing interest rates at this moment might be described as an act of economic illiteracy. It might also be described as class warfare based on economic aggression, because its purpose is, in reality, to deter those on wage income from seeking pay increases to maintain their economic positions, while those who profit from the price increases are left to enjoy their newfound and unearned riches.”
Economic illiteracy or calculated monetary intervention to maintain unemployment and shift more wealth into the pockets of those least in need? #Bankers are not stupid. They know. The #Oligarchs creates a #war and we all pay for it while they reap insane #profits from it. And the Bankers think: ‘Why not let them moke more profits through #GreedFlation?’ We’re all screwed on this path… time for a real change, for a change.
#Economics #TaxTheRich #NoMoreBillionaires #TaxRegimeChange #NeoLiberalEconomics #WealthInequity #Wealthredistribution #WorkersKeepPaying #JoinYourUnion #InUnity #AusPol
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A word or two (quoted from Prof. Richard Murphy) on the nonsense of increasing the official #CashRate to stymie anticipated #inflation stemming from external uncontrolled events. Here, the European Central Bank is the guilty party but it holds true for all Central Banks.
“This [ECB] move is meant to control inflation arising as a consequence of the war between the USA and Iran, as well as food shortages arising from that same war and drought. No one is suggesting there is excess demand in the Eurozone. However, inflation arising from excess demand, a phenomenon not seen in many economies for decades because so many people are having so many problems in making ends meet, is the only type of inflation that an interest rate rise can address.”
Not only do we know all of this, but so do the #CentralBanks (they’re not stupid).
“[…] increasing interest rates at this moment might be described as an act of economic illiteracy. It might also be described as class warfare based on economic aggression, because its purpose is, in reality, to deter those on wage income from seeking pay increases to maintain their economic positions, while those who profit from the price increases are left to enjoy their newfound and unearned riches.”
Economic illiteracy or calculated monetary intervention to maintain unemployment and shift more wealth into the pockets of those least in need? #Bankers are not stupid. They know. The #Oligarchs creates a #war and we all pay for it while they reap insane #profits from it. And the Bankers think: ‘Why not let them moke more profits through #GreedFlation?’ We’re all screwed on this path… time for a real change, for a change.
#Economics #TaxTheRich #NoMoreBillionaires #TaxRegimeChange #NeoLiberalEconomics #WealthInequity #Wealthredistribution #WorkersKeepPaying #JoinYourUnion #InUnity #AusPol
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A word or two (quoted from Prof. Richard Murphy) on the nonsense of increasing the official #CashRate to stymie anticipated #inflation stemming from external uncontrolled events. Here, the European Central Bank is the guilty party but it holds true for all Central Banks.
“This [ECB] move is meant to control inflation arising as a consequence of the war between the USA and Iran, as well as food shortages arising from that same war and drought. No one is suggesting there is excess demand in the Eurozone. However, inflation arising from excess demand, a phenomenon not seen in many economies for decades because so many people are having so many problems in making ends meet, is the only type of inflation that an interest rate rise can address.”
Not only do we know all of this, but so do the #CentralBanks (they’re not stupid).
“[…] increasing interest rates at this moment might be described as an act of economic illiteracy. It might also be described as class warfare based on economic aggression, because its purpose is, in reality, to deter those on wage income from seeking pay increases to maintain their economic positions, while those who profit from the price increases are left to enjoy their newfound and unearned riches.”
Economic illiteracy or calculated monetary intervention to maintain unemployment and shift more wealth into the pockets of those least in need? #Bankers are not stupid. They know. The #Oligarchs creates a #war and we all pay for it while they reap insane #profits from it. And the Bankers think: ‘Why not let them moke more profits through #GreedFlation?’ We’re all screwed on this path… time for a real change, for a change.
#Economics #TaxTheRich #NoMoreBillionaires #TaxRegimeChange #NeoLiberalEconomics #WealthInequity #Wealthredistribution #WorkersKeepPaying #JoinYourUnion #InUnity #AusPol
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A word or two (quoted from Prof. Richard Murphy) on the nonsense of increasing the official #CashRate to stymie anticipated #inflation stemming from external uncontrolled events. Here, the European Central Bank is the guilty party but it holds true for all Central Banks.
“This [ECB] move is meant to control inflation arising as a consequence of the war between the USA and Iran, as well as food shortages arising from that same war and drought. No one is suggesting there is excess demand in the Eurozone. However, inflation arising from excess demand, a phenomenon not seen in many economies for decades because so many people are having so many problems in making ends meet, is the only type of inflation that an interest rate rise can address.”
Not only do we know all of this, but so do the #CentralBanks (they’re not stupid).
“[…] increasing interest rates at this moment might be described as an act of economic illiteracy. It might also be described as class warfare based on economic aggression, because its purpose is, in reality, to deter those on wage income from seeking pay increases to maintain their economic positions, while those who profit from the price increases are left to enjoy their newfound and unearned riches.”
Economic illiteracy or calculated monetary intervention to maintain unemployment and shift more wealth into the pockets of those least in need? #Bankers are not stupid. They know. The #Oligarchs creates a #war and we all pay for it while they reap insane #profits from it. And the Bankers think: ‘Why not let them moke more profits through #GreedFlation?’ We’re all screwed on this path… time for a real change, for a change.
#Economics #TaxTheRich #NoMoreBillionaires #TaxRegimeChange #NeoLiberalEconomics #WealthInequity #Wealthredistribution #WorkersKeepPaying #JoinYourUnion #InUnity #AusPol
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A word or two (quoted from Prof. Richard Murphy) on the nonsense of increasing the official #CashRate to stymie anticipated #inflation stemming from external uncontrolled events. Here, the European Central Bank is the guilty party but it holds true for all Central Banks.
“This [ECB] move is meant to control inflation arising as a consequence of the war between the USA and Iran, as well as food shortages arising from that same war and drought. No one is suggesting there is excess demand in the Eurozone. However, inflation arising from excess demand, a phenomenon not seen in many economies for decades because so many people are having so many problems in making ends meet, is the only type of inflation that an interest rate rise can address.”
Not only do we know all of this, but so do the #CentralBanks (they’re not stupid).
“[…] increasing interest rates at this moment might be described as an act of economic illiteracy. It might also be described as class warfare based on economic aggression, because its purpose is, in reality, to deter those on wage income from seeking pay increases to maintain their economic positions, while those who profit from the price increases are left to enjoy their newfound and unearned riches.”
Economic illiteracy or calculated monetary intervention to maintain unemployment and shift more wealth into the pockets of those least in need? #Bankers are not stupid. They know. The #Oligarchs creates a #war and we all pay for it while they reap insane #profits from it. And the Bankers think: ‘Why not let them moke more profits through #GreedFlation?’ We’re all screwed on this path… time for a real change, for a change.
#Economics #TaxTheRich #NoMoreBillionaires #TaxRegimeChange #NeoLiberalEconomics #WealthInequity #Wealthredistribution #WorkersKeepPaying #JoinYourUnion #InUnity #AusPol
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Latest jobs print points to end of RBA hiking cycle: HSBC
Home > Investment > Latest jobs print points to end of RBA hiking cycle: HSBC Yasmine Raso Senior…
#EuropeSays #Britain #Europe #EU #HSBC #cashrate #employment #Interestrates #jobs #labourmarket #RBA #ReserveBankofAustralia #underemployment #unemployment
https://www.europesays.com/britain/109453/ -
https://www.europesays.com/britain/109453/ Latest jobs print points to end of RBA hiking cycle: HSBC #CashRate #employment #HSBC #InterestRates #jobs #LabourMarket #RBA #ReserveBankOfAustralia #underemployment #unemployment
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#RichardDenniss from the #AustralianInstitute talks about the RBA and its role in our economy in plain language that everyone will understand. It cannot be said often enough that the RBA’s obsession with controling inflation is a two-edged sword which, if you listen to Denniss, hurts the most vulnerable in our society and about a third of Australians who rent (because landlords put up their rents when mortgage rates go up) and another third of Australians because their own morgage rates also go up. On top of that, fighting inflation also causes higher unemployment. Denniss does a good job explaining all of that here, have a listen:
Another conversation could be had about whether the RBA should be independent of govt (Finance and Treasury) given that the govt is the only authority for issueing and removing currency.
#Inflation #RBA #NAIRU #Unemployment #ProfitLedInflation #Banking #CashRate #TaxReform #TaxSuperProfits #TaxTheRich #MMT #NeoLiberalEconomics
More on Employment from the RBA:
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/assessing-full-employment-in-australia.pdf -
#RichardDenniss from the #AustralianInstitute talks about the RBA and its role in our economy in plain language that everyone will understand. It cannot be said often enough that the RBA’s obsession with controling inflation is a two-edged sword which, if you listen to Denniss, hurts the most vulnerable in our society and about a third of Australians who rent (because landlords put up their rents when mortgage rates go up) and another third of Australians because their own morgage rates also go up. On top of that, fighting inflation also causes higher unemployment. Denniss does a good job explaining all of that here, have a listen:
Another conversation could be had about whether the RBA should be independent of govt (Finance and Treasury) given that the govt is the only authority for issueing and removing currency.
#Inflation #RBA #NAIRU #Unemployment #ProfitLedInflation #Banking #CashRate #TaxReform #TaxSuperProfits #TaxTheRich #MMT #NeoLiberalEconomics
More on Employment from the RBA:
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/assessing-full-employment-in-australia.pdf -
#RichardDenniss from the #AustralianInstitute talks about the RBA and its role in our economy in plain language that everyone will understand. It cannot be said often enough that the RBA’s obsession with controling inflation is a two-edged sword which, if you listen to Denniss, hurts the most vulnerable in our society and about a third of Australians who rent (because landlords put up their rents when mortgage rates go up) and another third of Australians because their own morgage rates also go up. On top of that, fighting inflation also causes higher unemployment. Denniss does a good job explaining all of that here, have a listen:
Another conversation could be had about whether the RBA should be independent of govt (Finance and Treasury) given that the govt is the only authority for issueing and removing currency.
#Inflation #RBA #NAIRU #Unemployment #ProfitLedInflation #Banking #CashRate #TaxReform #TaxSuperProfits #TaxTheRich #MMT #NeoLiberalEconomics
More on Employment from the RBA:
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/assessing-full-employment-in-australia.pdf -
#RichardDenniss from the #AustralianInstitute talks about the RBA and its role in our economy in plain language that everyone will understand. It cannot be said often enough that the RBA’s obsession with controling inflation is a two-edged sword which, if you listen to Denniss, hurts the most vulnerable in our society and about a third of Australians who rent (because landlords put up their rents when mortgage rates go up) and another third of Australians because their own morgage rates also go up. On top of that, fighting inflation also causes higher unemployment. Denniss does a good job explaining all of that here, have a listen:
Another conversation could be had about whether the RBA should be independent of govt (Finance and Treasury) given that the govt is the only authority for issueing and removing currency.
#Inflation #RBA #NAIRU #Unemployment #ProfitLedInflation #Banking #CashRate #TaxReform #TaxSuperProfits #TaxTheRich #MMT #NeoLiberalEconomics
More on Employment from the RBA:
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/assessing-full-employment-in-australia.pdf -
#RichardDenniss from the #AustralianInstitute talks about the RBA and its role in our economy in plain language that everyone will understand. It cannot be said often enough that the RBA’s obsession with controling inflation is a two-edged sword which, if you listen to Denniss, hurts the most vulnerable in our society and about a third of Australians who rent (because landlords put up their rents when mortgage rates go up) and another third of Australians because their own morgage rates also go up. On top of that, fighting inflation also causes higher unemployment. Denniss does a good job explaining all of that here, have a listen:
Another conversation could be had about whether the RBA should be independent of govt (Finance and Treasury) given that the govt is the only authority for issueing and removing currency.
#Inflation #RBA #NAIRU #Unemployment #ProfitLedInflation #Banking #CashRate #TaxReform #TaxSuperProfits #TaxTheRich #MMT #NeoLiberalEconomics
More on Employment from the RBA:
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/assessing-full-employment-in-australia.pdf -
New Zealand Q2 inflation at 4.1% y/y, at more than two year high
By Lucy Craymer WELLINGTON, July 21 (Reuters) – New Zealand’s annual inflation accelerated in the second quarter to…
#Economy #cashrate #centralbank #CentralBanks #dieselprices #inflationpressures #newzealand #ReserveBankofNewZealand #STATISTICSNEWZEALAND
https://www.europesays.com/3143729/ -
RBA ‘failed’ to get inflation under control and last year’s interest rates cuts were a ‘mistake’, leading economist says
Last year’s three interest rate cuts were a “mistake” and the Reserve Bank of Australia “failed” to bring…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #centralbank #inflation #interestrates #RBA #ReserveBankofAustralia #WarrenHogan
https://www.newsbeep.com/au/783528/ -
RBA ‘failed’ to get inflation under control and last year’s interest rates cuts were a ‘mistake’, leading economist says
Last year’s three interest rate cuts were a “mistake” and the Reserve Bank of Australia “failed” to bring…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #centralbank #inflation #interestrates #RBA #ReserveBankofAustralia #WarrenHogan
https://www.newsbeep.com/au/783528/ -
Weak housing market could imperil Australia’s economy
The Reserve Bank is worried Australia’s economy could be weakened by a housing market slowdown accelerated by the…
#Economy #Australia'seconomy #cashrate #centralbank #CentralBanks #Housingmarket #interestrates #marketslowdown #oilprices #TheReserveBank
https://www.europesays.com/3097807/ -
Weak housing market could imperil Australia’s economy https://www.byteseu.com/2152366/ #Australia'sEconomy #CashRate #economy #HousingMarket #InterestRates #MarketSlowdown #OilPrices #TheReserveBank
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Prolonged pause on interest rates a possibility as RBA board meets for June
Leading economists at all four major banks are now predicting the Reserve Bank of Australia will leave interest…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Banks #Business #cashrate #Inflation #InterestRates #rba #reservebank
https://www.newsbeep.com/us/704610/ -
Prolonged pause on interest rates a possibility as RBA board meets for June
Leading economists at all four major banks are now predicting the Reserve Bank of Australia will leave interest…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Banks #Business #cashrate #Inflation #InterestRates #rba #reservebank
https://www.newsbeep.com/us/704610/ -
Big Four divided on RBA direction as one major bank warns two interest rate hikes still ahead
The RBA is widely expected to hold the cash rate at its June meeting, but the banks can’t…
#NewsBeep #News #Economy #Business #cashrate #CommonwealthBank #interestrates #ratecuts #ReserveBankofAustralia #UK #Unemploymentrate #UnitedKingdom
https://www.newsbeep.com/uk/639119/ -
https://www.europesays.com/uk/1027140/ Big Four divided on RBA direction as one major bank warns two interest rate hikes still ahead #Business #CashRate #CommonwealthBank #Economy #InterestRates #RateCuts #ReserveBankOfAustralia #UK #UnemploymentRate #UnitedKingdom
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Prolonged pause on interest rates a possibility as RBA board meets for June
Leading economists at all four major banks are now predicting the Reserve Bank of Australia will leave interest…
#NewsBeep #News #Economy #banks #Business #cashrate #Inflation #interestrates #RBA #reservebank #UK #UnitedKingdom
https://www.newsbeep.com/uk/639077/ -
https://www.europesays.com/uk/1027013/ Prolonged pause on interest rates a possibility as RBA board meets for June #Banks #Business #CashRate #Economy #Inflation #InterestRates #rba #ReserveBank #UK #UnitedKingdom
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Prolonged pause on interest rates a possibility as RBA board meets for June
Leading economists at all four major banks are now predicting the Reserve Bank of Australia will leave interest…
#Economy #banks #business #cashrate #Inflation #interestrates #RBA #reservebank
https://www.europesays.com/3063095/ -
‘Get on with it’: Leading economist defies consensus and demands RBA hikes interest rates at June meeting
One leading voice has defied the consensus on interest rates and demanded the Reserve Bank of Australia “get…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #CPI #inflation #interestrates #unemployment #WarrenHogan
https://www.newsbeep.com/au/694310/ -
‘Get on with it’: Leading economist defies consensus and demands RBA hikes interest rates at June meeting
One leading voice has defied the consensus on interest rates and demanded the Reserve Bank of Australia “get…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #CPI #inflation #interestrates #unemployment #WarrenHogan
https://www.newsbeep.com/au/694310/ -
It’s all laid for you all right here…
The #RBA is freeking useless and guess who’s going to pay that bill… -
“14.30 AEST
Of course the #RBA did… against the better judgement of economists who are not died-in-the-wool #NeoLiberals. This rise will do nothing to stop inflation due to Stupid #tRump and his mate #Netanyahu military fling. The underlying inflation does not warrant this (according to Greg Jerocho — one of the more sensible economist driven by facts rather than mad theories). Further more, the lasat #CashRate rise has yet to show its effect on the economic numbers FFS.“RBA raises interest rates for third time in 2026
reported by Luca IttimaniThe Reserve Bank has increased its official interest rate to 4.35%, as prices rise at their fastest pace since 2023.
The RBA’s board today hiked rates for a third consecutive meeting in 2026 after increases in February and March. Rates are now back where they were at the start of 2025, with each of that year’s three rate cuts now unwound.
Today’s hike was widely expected, picked by most economists surveyed by Bloomberg. But financial markets had not fully priced in an increase, with some thinking the RBA might wait and see what the federal government does with its budget next week.” (Source: The Guardian Live)
#AusPol #Economy #Inflation #Stagflation #Recession #MonetaryPolicy
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https://www.europesays.com/uk/938330/ RBA interest rate decision: Economists tip hike to 4.35 per cent #Asia #Australia #AustraliaAndNewZealand #AustraliansBrace #Business #CashRate #CashRateSits #ConsumerPriceIndex #CrucialInterestRate #Economy #HikeWarning #InterestRate #InterestRateDecision #Iran #JimChalmers #Michele #Oceania #PaulMurray #ReserveBankOfAustralia #RoyMorgan #SouthernAsia #UK #UnitedKingdom
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🪴 Everybody thinks so! My forecasting system, with nearly 200 predictive models, provides an 82 per cent chance of RAISE! 🚀 This probability is in line with those provided by Australian analytical departments and expresses the market expectations ✅ The most recent readings of inflation above the target likewise suggest the same. Therefore, despite the predictive interval including the current cash rate value, I say it’s a likely RAISE.
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🪴 Everybody thinks so! My forecasting system, with nearly 200 predictive models, provides an 82 per cent chance of RAISE! 🚀 This probability is in line with those provided by Australian analytical departments and expresses the market expectations ✅ The most recent readings of inflation above the target likewise suggest the same. Therefore, despite the predictive interval including the current cash rate value, I say it’s a likely RAISE.
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🪴 Everybody thinks so! My forecasting system, with nearly 200 predictive models, provides an 82 per cent chance of RAISE! 🚀 This probability is in line with those provided by Australian analytical departments and expresses the market expectations ✅ The most recent readings of inflation above the target likewise suggest the same. Therefore, despite the predictive interval including the current cash rate value, I say it’s a likely RAISE.
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Watching The Business on the ABC and…
I have to ask a few questions:WIth so many neo-liberal economists taking up #Stagflation, #Inflation and #CashRate increases whether or not the war on #Iran comes to an end soon - are we looking at a self-fulfilling prophesy? Helped along by businesses raising prices ahead of the curve in a attempt to head off increasing #FossilFuel costs?
No one is talking about how well or otherwise the Australian economy is poised to cushion the predicted global economic shocks (Ie. The penetration of Renewables, rail transport, EVs, HousePV/btty systems, ICE Gas conversions, Fuel stocks and supply lines in Asia, price controls, etc.). Maybe because that’s harder to do than hitting the panic button.
Stock markets and shareholders ought not to be the be-all and end-all of economic life!
There are no hard, written in stone, rules about how to run an economy but for neo-classical (read neoliberal) stranglehold on economic thinking and political will or the lack thereof.
Yee gods help us all… -
Yes, Fuel prices at the pump have soared — partially due to greed — and this is precicely why the latest #RBA #CashRate rise was a complete ballsup and a failure to apply basic experiencial #economics (as opposed to debunked theoretical #neoliberal claptrap). Consumers will, as a result of fuel costs, spend less on non-essential goods and services, therefore the #inflation beast will retreat somewhat.
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‘Driven by public spending’: Treasurer Jim Chalmers’ ‘excuses’ for inflation problem undercut, says Tim Wilson
Treasurer Jim Chalmers is under fire for failing to take responsibility for the inflation problems that prompted the…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #Chalmers #interestrates #Labor #RBA #ReserveBank #wilson
https://www.newsbeep.com/au/547855/ -
‘Driven by public spending’: Treasurer Jim Chalmers’ ‘excuses’ for inflation problem undercut, says Tim Wilson
Treasurer Jim Chalmers is under fire for failing to take responsibility for the inflation problems that prompted the…
#NewsBeep #News #Economy #AU #Australia #Business #cashrate #Chalmers #interestrates #Labor #RBA #ReserveBank #wilson
https://www.newsbeep.com/au/547855/ -
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
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Aussie households to pay extra $272 in monthly mortgage repayments if major banks’ interest rate forecast is right
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#NewsBeep #News #Economy #AU #Australia #Business #cashrate #inflation #interestrates #NAB #RBA #ReserveBankofAustralia #unemployment
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Rather not! I don’t know! What do you think? 🤷♀️ According to my forecasting system, the cash rate is set to hold steady. Despite the forecast mean being on a clear upwards trajectory, the forecast intervals include the current cash rate value decisively. I’m sticking with my call: HOLD! 🛑 My forecasts are available at: https://forecasting-cash-rate.github.io/
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Rather not! I don’t know! What do you think? 🤷♀️ According to my forecasting system, the cash rate is set to hold steady. Despite the forecast mean being on a clear upwards trajectory, the forecast intervals include the current cash rate value decisively. I’m sticking with my call: HOLD! 🛑 My forecasts are available at: https://forecasting-cash-rate.github.io/