Interest rate hike less likely after inflation ease

Australia's inflation rate has eased more than expected, reducing the chance of an interest rate hike in August.

Australia's inflation rate has eased more than expected, reducing the chance of an interest rate hike in August.

Today’s inflation figures showed inflation pressures have eased, just a day after the Reserve Bank of Australia (RBA) warned inflation was still too high. The Australian Bureau of Statistics reported the consumer price index (CPI) rose 3.8% in the year to June, down from 4.0% in the year to May. The RBA’s preferred mea

ABS data shows inflation still too high but tracking lower than anticipated Australian mortgage-holders have “dodged a bullet’, with the Reserve Bank now less likely to hike rates next month after new data showed inflation unexpectedly eased to 3.8%, in the year to June, from 4%. The hotly anticipated consumer price re

The Bank of England will decide whether to increase the base rate on Thursday, in a move that could influence how banks price their mortgages.

Monetary Policy Key Facts —Probability. B3 Copom options price a 75.5% chance of a 0.25-point Selic cut at the August meeting. —Hold scenario. A roughly 21% probability remains priced for no change, reflecting data-dependence. —Inflation target. Brazil operates a formal 3.00% target with a ±1.5 percentage-point band fr

Gold declined ahead of a potentially divisive decision on US interest rates later this week, while a fragile pause in Middle East hostilities soothed inflation fears. Bullion fell as much as 1 percent to trade near $4,040 an ounce, erasing a modest gain in the previous session. Traders are positioning themselves for th

"After months of upside inflation surprises, patience is wearing thin," writes EY-Parthenon's Gregory Daco.

The 364-day bill was once again the most subscribed bill as GH¢8.1 billion of the bids were tendered, representing 65.5% of the total bids. The uptake was, however, GH¢7.8 billion.

The Bank of England is expected to hold interest rates in a split vote on Thursday yet a surge in oil prices could complicate the crucial decision.  The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent.  Analysts believe that two members, Huw Pill and Megan Greene,