Specialized search for economics

15+ min ago (172+ words) The government plans to speed up fiscal and economic decision-making by expanding the use of near'real-time growth data under a broader push to overhaul how the state produces, funds and applies official statistics. - You are only allowed to submit content which you have created yourself. - No nudity, pornography and any unlawful content is permitted. - You grant GhanaWeb the right to publish and use your content. - You allow GhanaWeb to communicate with you using the info you provide. - GhanaWeb reserves the right to reject/remove your content without explanation. - No, I reject the terms for becoming a GhanaWeb member. Yes, I accept the terms for becoming a GhanaWeb member. Business News of Tuesday, 9 December 2025 Real-time growth tracking to accelerate government budget decisions The government plans to speed up fiscal and economic decision-making by expanding the use of near'real-time growth data under…...

18+ min ago (228+ words) The decision to hold rates comes was widely expected but the central bank board's concern about the threat of inflation flaring again will be closely watched. Gift 5 articles to anyone you choose each month when you subscribe. The Reserve Bank of Australia held the benchmark interest rate at 3.6 per cent at the final monetary policy board meeting of the year, but noted the risk of higher inflation and vowed to do whatever it took to reduce the threat of higher prices. The decision to keep interest rates unchanged was expected by economists, but was overshadowed by a more wary tone on monetary policy from the RBA following the return of inflationary pressures in the economy in recent data. Follow the topics, people and companies that matter to you. The CEO in a $610m race to replace the International Space Station A…...

24+ min ago (389+ words) Mortgage holders will be breathing a sigh of relief after the Reserve Bank of Australia chose to hold the official cash rate. In a widely called move, the RBA held the official cash rate at 3.60 per cent on Tuesday, as inflation and consumer spending surprised the market. Tuesday's decision is the third interest rate hold in a row. The central bank last moved on interest rates in August when they reduced the cash rate by 25 basis points to 3.60 per cent. While experts were largely forecasting interest rates would be left on hold in December, the current market expectations were interest rates would rise in 2026. My Housing Market chief economist Andrew Wilson warns mortgage holders of potential interest rate rises next year. "Having misjudged the strength of inflation, particularly in regard to the predictable post-subsidy spike in electricity costs, the RBA…...

26+ min ago (582+ words) British consumers have been left concerned by uncertainty around the Budget, high inflation and the cost of living UK households cut back on Christmas spending at the fastest rate in nearly five years, new figures show. Data from Barclays shows that card spending fell 1.1 per cent in November compared to the same time last year, as people dealt with financial uncertainty over what was to come in the Budget. That's the biggest drop since shortly after the Covid pandemic, in February 2021. In addition, while falling, inflation remains high and household bills have been putting cost pressures on families all year. The combination of those concerns and unknowns has driven British people to reign in the spending in the run-up to Christmas - though it appears they still loosened the pursestrings over one prominent weekend. Despite that fall in month-long spending, the…...

29+ min ago (519+ words) The Big Short delves into the lead-up to the 2008 financial crisis. Instead of focusing on the big banks that collapsed or the government officials left to pick up the pieces, Michael Lewis turns his lens on the contrarians. It follows a handful of eccentric investors and cynics who saw the housing bubble for what [] The post Review: Michael Lewis Breaks Down the Financial Crisis in The Big Short first appeared on CULTR. The post Review: Michael Lewis Breaks Down the Financial Crisis in The Big Short appeared first on CULTR. Review: Michael Lewis Breaks Down the Financial Crisis in The Big Short The Big Short delves into the lead-up to the 2008 financial crisis. Instead of focusing on the big banks that collapsed or the government officials left to pick up the pieces, Michael Lewis turns his lens on the contrarians....

29+ min ago (791+ words) The Big Short delves into the lead-up to the 2008 financial crisis. Instead of focusing on the big banks that collapsed or the government officials left to pick up the pieces, Michael Lewis turns his lens on the contrarians. It follows a handful of eccentric investors and cynics who saw the housing bubble for what [] Review: Michael Lewis Breaks Down the Financial Crisis in The Big Short The Big Short delves into the lead-up to the 2008 financial crisis. Instead of focusing on the big banks that collapsed or the government officials left to pick up the pieces, Michael Lewis turns his lens on the contrarians. It follows a handful of eccentric investors and cynics who saw the housing bubble for what it was before anyone else. These individuals realised the subprime mortgage market was built on a foundation of sand and…...

34+ min ago (545+ words) Christmas dinner will cost a few pence less than last year in some rare good news for consumers as they prepare for festive celebrations, figures show. A turkey and all the trimmings for four will cost an average "32.46 this year, slightly down on last year's "32.57 " which was up 6.5% on the year before, according to market research firm Worldpanel by Numerator, formerly Kantar. The fall comes as overall grocery price inflation held steady at 4.7% over the month to November 30, helped by retailers ramping up promotions in the competition for Christmas shoppers. Some 31.2% of spending was on promoted items, up from 30% this time last year, Worldpanel's data shows. Fraser McKevitt, head of retail and consumer insight at Worldpanel, said: "Retailers are pulling out all the stops to win shoppers over as they gear up for one of the most important trading periods…...

39+ min ago (650+ words) Most stocks fell in Asia on Tuesday as investors grew nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week. With traders fully confident of a reduction Wednesday, observers said they would be keeping a close eye on the central bank's so-called "dot plot" of projections for monetary policy. They will also be poring over its post-meeting statement and boss Jerome Powell's news conference, looking for clues about the debate taking place among decision-makers. Bets on a third successive cut " and more in 2026 " have surged on the back of data pointing to a weakening jobs market, which has offset concerns about stubbornly high inflation. That optimism was boosted last month by reports that President Donald Trump's top economic aide Kevin Hassett " a proponent of more cuts " was the frontrunner to take the Fed's…...

39+ min ago (179+ words) There will be no early rates present for mortgage holders this Christmas, with the Reserve Bank of Australia leaving the cash rate unchanged at its final meeting of the year. The monetary policy board delivered its decision on Tuesday, with the official cash rate held at 3.6 per cent. The RBA moved the rates dial down three times in 2025 but stubborn inflation and strong economic growth have some forecasters predicting hikes could be on the cards in 2026. "The recent data suggest the risks to inflation have tilted to the upside, but it will take a little longer to assess the persistence of inflationary pressures," the RBA board said of its decision, which was unanimous. "Private demand is recovering. Labour market conditions still appear a little tight but further modest easing is expected. "The Board therefore judged that it was appropriate to…...

41+ min ago (348+ words) ON HOLD: Reserve Bank boss Michele Bullock is playing Christmas grinch as renewed inflation worries keep the cash rate unchanged at 3.6 per cent. It's remained at that level since August following three cuts this year. Today's decision was unanimous as the board needs more time to assess whether inflation pressures will stick around. "The data (does) suggest some signs of a more broadly based pick-up in inflation, part of which may be persistent and will bear close monitoring," the board said. "Economic activity continues to recover. Growth in private demand has strengthened, driven by both consumption and investment. "Activity and prices in the housing market are also continuing to pick up." A hold was widely expected for the December meeting although financial markets tip a rate hike by the end of next year. Economists have fiercely debated the likelihood. Australia's…...