Disgusted With Your Savings Interest Rate? Time to Switch
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Consumer spending the wildcard in rate hike uncertainty
Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bank’s May meeting confirmed a rate hike was a live consideration, with spending habits a key source of uncertainty. Yet fears of “excessive fine-tuning” […]
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Asia shares rally on hopes for more rate cuts this week
Asian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. The European Central Bank (ECB) is considered almost certain to trim rates by a quarter […]
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Asia stocks weaken on patient approach to rate cuts
Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.57 per cent. Australia’s S&P/ASX 200 index was one of the biggest decliners, slumping 0.8 per cent, […]