RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news
Published . Updated .
Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year Get our breaking news email , free app or daily news podcast Asked why Labor can’t guarantee it won’t find net savings in the mid-year budget update, Chalmers told RN the government is undertaking that task this month ahead of December’s release. We are currently working our way through the spending pressures, the economic forecasts, and the savings options to come up with the best, most responsible budget update that we can. There have been savings in all eight of our budget updates so far. There’ll be savings in the ninth as well. People are under substantial pressure already, and obviously, if rates go up today, that will make things much harder, especially when there are already a number of rate rises in the system and their full effect hasn’t been felt yet Regardless of the decision that the Reserve Bank takes independently this afternoon, we know that there is more work to do to make the budget as tight as it can be. Continue reading...
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iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).
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SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Australia
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BHP Group (metal mining) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
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Price reaction, T-5 to T+3
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Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year Get our breaking news email , free app or daily news podcast Asked why Labor can’t guarantee it won’t find net savings in the mid-year…
Source: The Guardian
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