RBA holds rates ahead of trade war storm

A pre-election rate cut is off the table

The world has been moving away from free trade since COVID-19

The fight against inflation in our country is not progressing. The prices of food, drinks and tobacco were 7.1% higher last month than in March last year. Services, such as going to the hairdresser or eating out, also became 5% more expensive. Rabobank warns that inflation will continue to rise if the trade war with the United States escalates. "Purchasing power may then decrease."

‘Not on my watch': PM won't yield to US tariff threats

Any hopes from the government of a second interest rate cut in the election campaign have evaporated with the Reserve Bank keeping them on hold today. But the Trump Administration's tariffs decision looms as a more challenging political hurdle, with both major parties vowing to stand up to the US President.

RBA has interest rate trigger for Trump trade war

The Reserve Bank of Australia isn’t quite sure what impact Donald Trump’s imminent next round of tariffs will have on inflation, but it is ready to act.

RBA holds rates ahead of trade war storm

A cautious Reserve Bank has kept interest rates on hold, but declared it is ready to act as an escalating trade war sparks uncertainty about the future of the global economy.

Rates on hold; pressure builds for cuts in May - Gympie Today

The decision by the Reserve Bank of Australia (RBA) to keep the cash rate on hold at 4.1 percent in […] Subscribe or Login to see the rest of the content. The post Rates on hold; pressure builds for cuts in May appeared first on Gympie Today.