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Economy
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New Zealand central bank raises OCR by 25 bps, says more tightening ahead
February 23, 2022 05:00 PM AEDT| By ManikaHighlights The Central Bank lifts the OCR by 25 bps. Forecasts OCR to reach above 3.25% by 2024. Agrees to reduce the stimulus to maintain prices and provide employment. The Central Bank finally delivered an expected outcome by raising...
Monetary Policy Review: Will RBNZ hike OCR by only 25 bps today?
February 23, 2022 12:03 PM AEDT| By ManikaNew Zealand’s central bank is all set to announce its monetary policy review in which it is expected to increase OCR for the third time in a row. According to most economists, the Reserve Bank (RBNZ) is likely to hike OCR by 25 bps but .....
Decoding the World Development Report 2022
February 23, 2022 05:02 AM AEDT| By Toshiva JainHighlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activities of over 90% of the countries have contracted. Significant consequences are borne by the emergin.....
What does Russia-Ukraine conflict mean for world economy?
February 19, 2022 02:00 AM AEDT| By Toshiva JainIn late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world economy trembles under the effects of the Covid-19 pandemic, Russia’s evasion is just another na.....
Economies with record-breaking inflation
February 15, 2022 07:54 PM AEDT| By Toshiva JainHighlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The primary causes for such a high price level are the skyrocketing prices of oil and gas and supply-cha.....
Crude oil hits fresh seven-year high amid Russia-Ukraine tension
February 14, 2022 02:00 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. A significant drop in the US crude inventories has also added pressure on the sup.....
How Labor pip Liberals to pass religious discrimination bill
February 12, 2022 01:19 AM AEDT| By Bhawna GuptaHighlights The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the government to pass the bill. The new version of the bill is moved to the Senate now. After m.....
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Rising shipping costs affecting UK businesses
February 12, 2022 12:15 AM AEDT| By Priya BhandariHighlights Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthened delivery times. The widespread disruption in the supply chain has affected the UK and other eco.....
Can China’s zero-Covid curbs hurt global growth?
February 11, 2022 07:06 PM AEDT| By Toshiva JainLike many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our lives. However, most countries suspended the policy and moved ahead with the upliftment of restric.....
Consumer spending down due to Omicron, but things are looking positive
February 08, 2022 08:33 PM AEDT| By Sukriti NairHighlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Australia. Economists believe the impact of Omicron is lesser in comparison to previous COVID-19 va.....
Kiwis fret as fuel prices reach $3 per litre
February 08, 2022 02:07 PM AEDT| By ManikaHighlights Fuel price increase to cause additional burden on Kiwis’ pockets The Government says that it is due to an increase in Brent Crude. With fuel prices rising, Kiwis are feeling pressure on their household budgets. According t.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 11:57 PM AEDT| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
NZ government proposes insurance scheme for workers with job loss, seeks feedback
February 02, 2022 03:21 PM AEDT| By ManikaHighlights The NZ government plans to introduce a new insurance scheme. The scheme is for workers who lose their jobs. The Scheme is likely to support over 100,000 Kiwis every year. The Government of New Zealand plans to introduce a new i.....
Australia seeks to join EU's trade row talks against China
February 01, 2022 09:19 PM AEDT| By Team Kalkine MediaTrade Minister Dan Tehan said on Saturday that Australia will seek to join the World Trade Organisation (WTO) talks over a trade dispute between China and the European Union (EU). On Thursday (January 27, 2022), China was accused by the EU of foll.....
Should global markets worry over Fed’s interest rate plans?
January 27, 2022 09:18 PM AEDT| By DaminiHighlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N.....
NZ Inflation at a record high, what should RBNZ do?
January 27, 2022 02:05 PM AEDT| By ManikaInflation has hit a record 5.9% at the end of 2021, according to figures released by Statistics New Zealand on Thursday. Consumer prices are rising at a fast pace and this is the highest in last 30 years, according to the Government figures. Major.....
Online Safety Bill: 7 points to note
January 24, 2022 11:29 PM AEDT| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....
Are global markets headed towards a crash in 2022?
January 24, 2022 09:01 PM AEDT| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....
How would inflation further affect sectors? 5 pointers to note
January 20, 2022 09:04 PM AEDT| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....
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UK inflation surges to a 30-year high level: What to expect now?
January 20, 2022 01:06 AM AEDT| By Sreenivas D AjankarConsumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta.....
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