News
Fed holds interest rates steady as Iran war drives up oil prices and inflation fears
2+ hour, 6+ min ago (561+ words) Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs market The US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East…...
Interest rates are not the tool to solve the inflation caused by the US’s war with Iran | Josh Ryan-Collins
2+ hour, 33+ min ago (356+ words) We've been here before with Covid and Ukraine. Making borrowing more expensive won't work " only price controls, caps and public ownership can do that The Bank of England's interest-rate committee meets on Thursday, facing up to the global inflation shock…...
HelloFresh hit by sales slump as people lose appetite for meal kits
10+ hour, 35+ min ago (417+ words) German food delivery firm's share price has plummeted by 93% since 2021 boom during Covid lockdowns HelloFresh has reported a sharp decline in sales as the struggling food delivery company battles falling demand after the pandemic-era meal kit boom. The German company…...
Isolated and exposed: can New Zealand’s fragile economic recovery withstand the global oil shock?
15+ hour, 10+ min ago (823+ words) New Zealand economic growth tipped to overtake Australia's this year but Middle East conflict casts a shadow over outlook Just as New Zealand's fragile economic recovery shows flickers of improvement " with economists predicting its annual growth could surpass that of…...
The RBA is asking Australians to show restraint. They may want to take their own advice | Nicki Hutley
21+ hour, 54+ min ago (633+ words) We are all living in uncertain times, so we expect decisions to be made with a high degree of caution. That applies to the central bank and interest rates The Reserve Bank's decision to raise interest rates on Tuesday came…...
Energy minister: ‘every penny’ levied on household energy bills will be scrutinised
1+ day, 1+ hour ago (734+ words) But Michael Shanks says government will not be rushed into plans to reduce costs faced by households due to war in Iran Britain's energy minister has said "every penny" levied on household energy bills will be scrutinised after suppliers warned…...
Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession
1+ day, 2+ hour ago (720+ words) Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn Surging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists…...
New mortgages up by £800 a year amid ‘Trumpflation’ from Iran war
1+ day, 3+ hour ago (462+ words) Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says Moneyfacts Britons taking out a new home loan face paying nearly "800 a year more on average than before the Iran war as "Trumpflation" pushes…...
The RBA has made one of its most controversial calls in recent years - and this rate rise may not age well
1+ day, 6+ hour ago (634+ words) Michele Bullock says high inflation hurts everyone, but there still seems to be an extraordinary level of complacency about potential fallout from the US-Israel war on Iran The Reserve Bank has made some controversial calls over recent years, but hiking…...
Michele Bullock says higher petrol prices 'not the reason' for RBA rate hike – video
1+ day, 10+ hour ago (274+ words) The Reserve Bank rate hike takes the cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. 'Higher petrol prices will add to inflation but they're not the…...