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Economy
Busy day for economic activity: International trade, building approvals data out
May 05, 2022 02:36 PM AEST| By Akanksha VashishtHighlights Policymakers and households are keeping a keen eye on economic data, especially in a high-interest rate environment. ABS released the data for dwellings approvals, international trade balance and retail sales soon after the RBA annou.....
How much extra mortgage owners will be paying after rate hike?
May 05, 2022 01:19 PM AEST| By Akanksha Vashishtr spending. With inflation data creating much havoc in the market, an interest rate hike had become imminent to cool off the economy. The latest inflation numbers compelled the Australian central bank to raise the cash rate by 25 basis points. A...
Explained: How Russian economy is holding on despite heavy sanctions
May 05, 2022 11:21 AM AEST| By Toshiva JainHighlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco.....
RBA flags more hikes to come: Is Australian economy resilient enough?
May 05, 2022 11:03 AM AEST| By Akanksha VashishtHighlights: The recent interest rate hike by the Reserve Bank is likely to be succeeded by multiple hikes this year. The RBA cited that the Australian economy is resilient enough to adjust to a rate hike by the apex bank. A deeper inspection s.....
Big 4 banks respond to rate hike: What are the new rates for ANZ, WBC, CBA, NAB?
May 04, 2022 03:49 PM AEST| By Akanksha Vashishtk to do so. As the Reserve Bank of Australia (RBA) recently announced its first cash rate hike in over a decade, the economy is still adjusting to the shocking news. The RBA raised rates by 25 basis points, bringing the cash rate to 0.35%. All t...
RBA raises interest rate by 0.25%, biggest since 2010
May 04, 2022 03:32 AM AEST| By Akanksha VashishtHighlights: The Reserve Bank of Australia (RBA) has finally announced its biggest and first cash rate hike since 2010. The official cash rate has been increased by 25 basis points to 0.35 per cent. The RBA is one of the few central banks that .....
How would a rate hike impact property prices in Australia?
May 03, 2022 05:21 PM AEST| By Akanksha VashishtHighlights The central bank has recently raised official cash rate by a massive 25 basis points. The property market prices have shown a declining trend in April. Apart from Melbourne and Sydney, many capital cities have recorded a monthly ris...
Healthcare, climate change to be main focus in upcoming NZ Budget: Grant Robertson
May 03, 2022 02:07 PM AEST| By ManikaHighlights: NZ Budget to focus on healthcare and climate change New fiscal rules in the offing To cap the debt at 30% instead of current 50% It’s the Budget month again. It’s the month when we finally get to see how much the G.....
Which policies are unveiled by Australian opposition ahead of elections?
May 02, 2022 05:34 PM AEST| By Akanksha VashishtHighlights The current government has managed a range of economic and political struggles building over the last two years. The opposition party recently announced a set of new policies during its official campaign launch in Perth. Housing, ma...
Will Australia see its first cash rate hike in more than a decade tomorrow?
May 02, 2022 01:21 PM AEST| By Akanksha VashishtHighlights A cash rate hike by the RBA is likely to take shape soon amidst a sharp rise in inflation. Three out of the big four banks expect a rate hike in May, with Commonwealth Bank of Australia (ASX:CBA) tipping a June rate hike. Those expe...
Three top hedges to shield your portfolio against inflation
May 01, 2022 12:42 AM AEST| By AayushSince the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest.....
Five ways to prepare for interest rate hikes
May 01, 2022 12:28 AM AEST| By Akanksha VashishtAs an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a considerable share of their income. Most financial markets expect the RBA to raise interest rates as so.....
Will soaring fixed rate hikes bring pain for borrowers?
April 30, 2022 12:52 AM AEST| By Toshiva JainHighlights National Australia Bank recently raised its fixed interest rate on the mortgage loans for the fourth time this year. Westpac increased most of its fixed rates twice in one week in mid-April. According to ABS data, following the inter.....
Future of housing prices, mortgage defaults amid rising interest rates
April 30, 2022 12:47 AM AEST| By Toshiva JainHighlights Consumer sentiment is running low because of skyrocketing prices. As interest rate rises, demand for housing will decline-thus, prices ought to fall. Vulnerable households paying mortgage loans may suffer higher, and defaults may ris.....
Will Australia’s record inflation spell trouble for Morrison’s election campaign?
April 30, 2022 12:43 AM AEST| By ManishaHighlights Consumer Price Index zoomed up 5.1% in last 12 months to the March 2022 quarter. Cost of dwelling construction and automotive fuel prices have seen the highest spike over the period. The record jump in cost of living is buildi.....
ACA flags early learning sector concerns ahead of Federal Election 2022
April 30, 2022 12:36 AM AEST| By Aditi SarkarHighlights ACA has presented three key priorities related to early childhood education in Australia The COVID-19 pandemic has revealed the critical role played by the early learning sector to help in economic recovery The early learning sector.....
Can the RBA rate hike come as soon as May?
April 28, 2022 05:25 PM AEST| By Akanksha VashishtHighlights Australia’s March quarter inflation data has fueled speculations of an interest rate hike in May. Earlier, rising inflation prompted forecasters to bring forward their predictions to June. ANZ and NAB have revised their rate h...
Three takeaways from Australia's March 2022 quarter inflation data
April 27, 2022 03:35 PM AEST| By Akanksha VashishtThe much-awaited consumer price index (CPI) data is out for the first quarter of 2022. The measure of prices, released by the Australian Bureau of Statistics (ABS), suggests that Australia’s inflation surpassed expectations during the last...
Is Australia’s fuel supply a ‘national security problem’?
April 27, 2022 12:51 PM AEST| By Toshiva JainHighlights Australia heavily depends on fuel imports to meet its domestic energy demands. According to recent reports, Australia has merely days of fuel storage left. The country’s transportation requires most of fuel supply; thus, Aussi.....
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5 recent developments you may want to know about the UK economy
April 26, 2022 10:23 PM AEST| By Rishika RainaHighlights Retail and manufacturing costs have been soaring lately in the UK, resulting in higher prices for customers. Labour has recently warned that an annual increase of £10 billion in annual petrol and diesel costs is ahead of Briton.....
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