Huge blow to millions of Australians with mortgages as RBA keeps interest rates unchanged – here’s why there could be more pain
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Interest rates stay on hold as inflation fears fester
Borrowers have been spared more mortgage pain following the Reserve Bank of Australia’s decision to keep interest rates on hold for the fourth meeting in a row. The board came to its decision on Tuesday after two days reviewing the the state of the economy and progress on inflation. Heading into the meeting, forecasters were […]
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Rationale behind RBA's last cash rate call on show
Lingering price pressures had the central bank alert and watchful at the last interest rate call and the minutes of the board’s meeting will be combed through for further insights. Slated for release on Tuesday, the minutes from the Reserve Bank’s May meeting will outline the thinking behind the hold decision and contain other nuggets […]
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French Shipping Giant Expects Overcapacity to Drive Down Freight Rates
By Tara Patel (Bloomberg) — CMA CGM SA, the world’s third-largest container line, is expecting a decline in ocean freight rates as new vessel deliveries gather pace, boosting capacity that has