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Economy
Over 250 million people could face extreme poverty by 2022-end
April 13, 2022 05:15 PM AEST| By Team Kalkine MediaHighlights Oxfam, an organization, concentrating on the alleviation of global poverty, has said that high food prices, combined with inequality, COVID-19, and the Russia-Ukraine crisis could push 263 million more people into extreme poverty. Th.....
Westpac consumer sentiment report out for April: All you need to know
April 13, 2022 03:34 PM AEST| By Akanksha VashishtHighlights Westpac Banking Corporation (ASX:WBC) has recently released its monthly consumer confidence report for April 2022. Consumer sentiment took a small hit in April, compared to a steep fall of 4.2% seen in March. The recently announced .....
In a hawkish move, RBNZ raises OCR by 50 basis points
April 13, 2022 01:45 PM AEST| By ManikaThe Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand (RBNZ) today increased the Official Cash Ration (OCR) to 1.50% in a bid to tighten the monetary conditions in order to keep the inflation under check and also maintain the.....
Jobs back on Scott Morrison’s federal election agenda
April 12, 2022 07:28 PM AEST| By Akanksha VashishtHighlights Prime Minister Scott Morrison promised the creation of additional jobs during a speech ahead of the Federal elections. PM Morrison has placed job creation at the centre of his electoral campaign. Opposition leader Anthony Albanese w.....
Three takeaways from NAB’s March 2022 business survey
April 12, 2022 04:04 PM AEST| By Akanksha VashishtHighlights Business confidence and conditions bounced back to pre-Delta levels in March 2022. Business conditions were the sharpest to rise in retail, followed by the finance, business and property sector. Confidence rose sharply across the tr.....
UK economic growth slows down to 0.1% in February: Tougher times ahead?
April 12, 2022 04:01 PM AEST| By Team Kalkine MediaBritain's Gross Domestic Product grew by just 0.1% in February, a significant reduction from 0.8% in January, data from the Office for National Statistics (ONS) revealed on Monday. The latest figures put the monthly real GDP for February at 1.5% a.....
Should Australia follow Canada in banning foreign real estate buyers?
April 12, 2022 01:54 PM AEST| By Akanksha VashishtCanada has responded to rising house prices, introducing a ban on foreign investors from buying homes in the country. The two-year ban has been announced to ease the unaffordability constraints faced by domestic residents. However, the latest move .....
RBNZ to raise interest rates tomorrow, by how much is the question
April 12, 2022 01:12 PM AEST| By ManikaHighlights On Wednesday, the RBNZ will meet for monetary policy review. Economists divided over whether it will raise 25 bps or 50 bps Since rising inflation is the main concern, it is expected that the RBNZ will act tough and fast Econom.....
Will rising interest rates bring turmoil for Aussie mortgage payers?
April 09, 2022 12:54 AM AEST| By Akanksha VashishtHighlights Banks have brought forward their projections for an interest rate hike by the central bank. Rising inflation and cost of living pressures have fuelled earlier rate hike expectations. A potential increase in interest rates could pile.....
What is Canada's Federal Budget and how it can impact you?
April 07, 2022 07:56 PM AEST| By Ankit SethiHighlights Budget is nothing but a detailed document highlighting how the government wants to earn and spend The finance minister is set to table the Budget 2022 on 7 April in the House of Commons Budget 2022 is likely to shape up the Canadian.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
What is Fair Pay Agreements Bill? What does it mean for the NZ industries
April 06, 2022 05:02 PM AEST| By ManikaHighlights Fair Pay Agreements Bill seeks to address low incomes and insufficient working conditions It will give enable sector or industry wise bargaining for wages and work conditions Workers unions have welcomed it but business bodies not h.....
How soon will Aussies receive the AU$250 cost of living cash payment?
April 06, 2022 01:08 PM AEST| By Akanksha VashishtHighlights The Morrison government would be distributing a one-off payment to Aussies by the end of this month. The payment would only be paid once irrespective of whether individuals are under the list of vulnerable Aussies and also a concessi.....
Key takeaways from RBA's April monetary policy meeting
April 05, 2022 04:34 PM AEST| By Akanksha VashishtThe Reserve Bank of Australia (RBA) has announced its third monetary policy decision for 2022 today, i.e., 5 April. Largely in line with market expectations, the RBA has kept the cash rate steady at ten basis points and the interest rate on Exchang.....
What does Australia’s debt mean for taxpayers?
April 05, 2022 06:00 AM AEST| By Toshiva JainHighlights Prices are skyrocketing in Australia along with increasing debt. Australia is one of the topmost pandemic era spenders, operating at an almost 0% interest rate. The recent budget revealed that taxpayers wouldn’t be burdened wi.....
How Australia's big four banks are preparing ahead of anticipated rate hikes?
April 04, 2022 02:47 PM AEST| By Akanksha VashishtHighlights The big four banks have lowered their variable mortgage rates ahead of the central bank’s possible rate hike decision. Commonwealth Bank of Australia (ASX:CBA) is the latest big four bank to decrease its lowest variable rate fo.....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
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Will Australia’s budget spending stoke inflation?
April 02, 2022 05:53 AM AEDT| By Akanksha VashishtHighlights The government has introduced fuel tax cuts and expanded the Paid Parental Leave scheme under the new budget. As per historical evidence, demand-driven policies can create further inflationary pressures. It will be enticing to see h.....
Budget 2022-23: What's in it for Australia’s digital space?
April 02, 2022 05:04 AM AEDT| By Mohammad ZaidHighlights The 2022 pre-election budget focuses on digital transformation and increased tax concessions for small businesses. The budget also promises AU$1 billion for a new technology investment boost and to encourage small businesses to embra.....
Who is Michele Bullock, the first female RBA deputy governor?
April 01, 2022 11:22 AM AEDT| By AshishHighlights Michele Bullock has been appointed as the new deputy governor of the Reserve Bank of Australia. Bullock will replace retiring deputy governor Guy Debelle. She joined the Australian central bank in 1985 as an analyst....
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