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

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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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Trump’s shock Iran strike sparks global oil fears

Trump’s unexpected strikes on Iran’s nuclear sites unleash global concerns over oil prices and Strait of Hormuz security.

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Trump’s unexpected strikes on Iran’s nuclear sites unleash global concerns over oil prices and Strait of Hormuz security.


President Trump’s surprise strikes on Iran’s nuclear sites are sending shockwaves across the globe, with leaders weighing the fallout.

From rising oil prices to fears Iran could shut the Strait of Hormuz, the world is bracing for what comes next.

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#Trump #Iran #NuclearStrike #MiddleEastCrisis #OilPrices #StraitOfHormuz #Geopolitics #USForeignPolicy

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Treasurer Jim Chalmers blasts red tape in push for productivity boost

Treasurer Jim Chalmers urges reduction of excessive regulations hindering housing reform and clean energy, calling for a productivity revival in Australia.

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Treasurer Jim Chalmers urges reduction of excessive regulations hindering housing reform and clean energy, calling for a productivity revival in Australia.


Treasurer Jim Chalmers says it’s time to stop progressive red tape from strangling good ideas like housing reform and clean energy.

He’s demanding regulators cut back on excessive rules slowing growth and innovation across the economy. Chalmers is calling it a “wake-up call” for the left — and launching a major push to revive Australia’s productivity from the supply side.

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#JimChalmers #RedTape #AustralianPolitics #CleanEnergy #HousingCrisis #EconomicGrowth #Productivity #RegulationReform

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Iran responds as oil shock looms for West

U.S. airstrikes on Iran escalate tensions in the Middle East, prompting fears of disruptions in global oil markets as diplomacy efforts continue.

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U.S. airstrikes on Iran escalate tensions in the Middle East, prompting fears of disruptions in global oil markets as diplomacy efforts continue.


The world is reacting to fresh U.S. airstrikes on Iran’s nuclear facilities, as tensions escalate across the Middle East. With fears Iran could block the Strait of Hormuz — a vital oil shipping route — global markets brace for major disruption.

Vice President JD Vance says Iran’s uranium remains untouched, as Washington calls for renewed diplomacy. Meanwhile, Israel claims progress in countering Iran’s missile and nuclear programs, as Tel Aviv shows public support for U.S. action.

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#Iran #USStrikes #MiddleEastCrisis #StraitOfHormuz #OilPrices #Trump #Israel #TickerNews

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