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Australian Central Bank Raises Interests Rates Again to Tame Inflation - New Delhi Times

Australia has followed other countries with more increases in interest rates to mitigate inflationary pressures. Economists are predicting more pain for mortgage holders after Australia’s Reserve Bank (RBA) raised interest rates Tuesday for the fifth consecutive month to a seven-year high. Slower world economic growth is the backdrop to the most aggressive series of interest…
Australia Reserve South Australia Ivan Colhoun Australia Reserve Bank National Australia Bank Reserve Bank

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Why the RBA got it wrong on immigration and wages

Why the RBA got it wrong on immigration and wages More migrants do not mean lower wages. The real picture is much more complex than the political debate allows for. Share Reserve Bank of Australia governor Philip Lowe opened a can of worms last week on the Big Australia debate, surprisingly claiming immigration was one of several factors that had contributed to weak wages growth over the past decade. On cue, but somewhat taking Lowe’s comments out of context, anti-immigration One Nation leade...
United States New Zealand New South Wales Grattan Brendan Coates Wayne Taylor Courtney Brell
Source: afr.com

ASX to fall: Wall St advances; CPI data ahead

ASX dips 0.7pc; Tyro says ‘limited’ merchants affected Save Share Tyro terminal connections back at pre-outage levels Sarah Turner Tyro said its program of collecting, repairing and returning terminals has seen the number of terminals connected to its network return to pre-incident levels. There are a limited number of active merchants who still remain impacted by the incident, it said. A total of 486 merchants do not have an operational terminal. These are merchants where the company...
New York United States New Zealand James Thomson David Rowe Antonio Guterres
Source: afr.com

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