News

Australia’s central bank holds rates, signals more hikes to come

Published

2 years ago

July 5, 2023

Interest rates remain at 4.1 per cent, the highest level in 11 years

The Australian central bank held interest rates steady on Tuesday, saying it needed more time to assess the impact of past rate hikes, but warned that further tightening might be necessary to rein in inflation.

After raising rates by 400 basis points in May last year, the Reserve Bank of Australia (RBA) held its cash rate at an 11-year high of 4.1 per cent at its July policy meeting.

This is the most aggressive rate hike campaign in the bank’s modern history.

Markets had been pricing in a pause, but many economists had expected further rate hikes. Three out of Australia’s Big Four banks had expected a further rate hike, with only the Commonwealth Bank predicting the pause.

RBA Governor Philip Lowe said during the Tuesday meeting that that higher interest rates were working to strike a balance between supply in the economy

“In light of this and the uncertainty surrounding the economic outlook, the Board decided to hold interest rates steady this month,” he said.

Lowe also repeated warnings that further tightening might be required as inflation remains elevated and is expected to be so for some time.

After pausing in April, the RBA resumed raising rates in June and May in an aggressive campaign that has many in the economy fearful of tipping into recession.

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Crypto

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

19 hours ago

December 2, 2025

Harvey Vargas

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

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News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

20 hours ago

December 2, 2025

Harvey Vargas

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

20 hours ago

December 2, 2025

Harvey Vargas

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews