News
Rates revelation: why RBA dissenter voted against hike
9+ hour, 55+ min ago (628+ words) The Reserve Bank's lone dissenter against a rate rise argued interest rates were already high enough to get inflation back under control, before being overruled by the rest of the central bank's board. Minutes of the May 5 meeting, released on…...
Oil spikes on Mideast escalation as rates call looms
2+ week, 11+ hour ago (654+ words) Escalating tensions in the Strait of Hormuz have deepened the Reserve Bank's inflation dilemma as the central bank board contemplates dropping a third consecutive hike on borrowers. Financial markets were pricing in about a three-quarter chance that the Reserve Bank…...
NZ Reserve Bank follows Australia and holds rate steady
10+ mon, 1+ week ago (242+ words) New Zealand's central bank has ended a run of six consecutive cuts, holding the official cash rate at 3. 25 per cent. In a decision announced on Wednesday, Reserve Bank of New Zealand (RBNZ) followed Australia's lead from a day earlier, opting…...