Category : Search result: Reserve Bank Australia


RBA Holds Interest Rates Steady Amid Political Pressure

The Reserve Bank of Australia has maintained its current interest rate stance, opting for caution amid economic uncertainty despite political tensions. Analysis reveals the central bank's delicate balancing act between inflation concerns and economic grow

Australia signs defence pact with UAE amid price crackdown

In a major diplomatic move, Australia signs a sweeping security agreement with the United Arab Emirates as the government intensifies pressure on supermarkets over cost of living concerns. Reserve Bank holds interest rates steady while political tensions

Australian inflation cools to two-year low of 3.6%

Australian inflation has cooled to its lowest level in over two years, offering a glimmer of hope for households battling the cost-of-living crisis. We break down what's getting cheaper and what's still burning a hole in your pocket.

Powell Defends Fed Independence Amid Trump Pressure

Federal Reserve Chair Jerome Powell delivers unprecedented testimony, defending the central bank's autonomy amid mounting political pressure from the Trump White House over interest rate policy.

Queenstown's Last Bank Closes, Isolating Tasmanian Town

The historic mining town of Queenstown on Tasmania's remote west coast is set to lose its last bank, as Bendigo Bank confirms the permanent closure of its local branch, leaving residents and businesses facing a 180km round trip for essential financial ser

Davey: Farage Bank Row with Musk a 'Sideshow'

Liberal Democrat leader Sir Ed Davey has branded the controversy surrounding Nigel Farage's bank account closure, which drew commentary from Elon Musk, a distraction from the UK's real issues.

RBA Chief: Inflation Crisis Far From Over

Reserve Bank of Australia Governor Michele Bullock delivers a sobering message to Australians, warning that the cost-of-living crisis is far from over and high prices may persist, dashing hopes for near-term relief.

Lloyds slashes free overdraft from £250 to £50

Lloyds Banking Group shocks customers by reducing its interest-free overdraft buffer from £250 to a mere £50 from November, impacting millions across Lloyds, Halifax, and Bank of Scotland accounts.

Shocking New Bank Scam Drains Accounts Without Detection

UK banking customers are being targeted by sophisticated 'withdrawal' scam that bypasses security. Victims report losing thousands as fraudsters exploit system loopholes. Essential reading to protect your savings.

Intel & Nvidia Surge Sparks Global Market Rally

Wall Street and Asian markets rallied as Intel and Nvidia shares soared on AI optimism, while the Bank of Japan maintained its negative interest rates. Get the full analysis on the global market surge.

Trump's Supreme Court challenge over Fed's Lisa Cook

Former President Trump initiates a Supreme Court battle to block the renomination of Federal Reserve Governor Lisa Cook, setting up a major constitutional confrontation over presidential powers and central bank independence.

Bank of America UK: Pay Rises Amid Branch Closures

Exclusive: Bank of America announces a major pay increase for its UK staff while quietly accelerating a programme of local branch closures, raising questions about the future of high street banking.

Asian Markets Tumble on US Fed Rate Fears

Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.

Australia pledges 65% emissions cut by 2035

Prime Minister Anthony Albanese unveils Australia's ambitious new 2035 emissions reduction target of 65%, positioning the nation as a global leader in climate action while ensuring economic stability.

Powell Dashes Hopes for March Interest Rate Cuts

Federal Reserve Chair Jerome Powell delivers a hawkish message, indicating that interest rate cuts are unlikely to begin in March, contrary to investor expectations. The central bank seeks more confidence that inflation is truly defeated.

Fed's Rate Decision: Impact on UK Homes & Pensions

The Federal Reserve's pivotal interest rate decision is set to ripple through the UK economy, impacting property prices, loan rates, pensions, and job security. Here’s your essential guide to navigating the financial fallout.

Powell Warns: High Inflation to Delay Rate Cuts

Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.

Virgin Australia to Allow Pets in Cabins from 2025

Virgin Australia is set to revolutionise air travel by allowing pets in cabins on select domestic routes from 2025. Here's everything you need to know about the new policy, including costs, eligible animals, and how it will work in practice.

Airlines Ban Passengers for Using Power Banks Onboard

Major UK airlines are enforcing strict new bans on passengers caught using power banks during flights, citing critical fire risks. Discover the safety rules you must follow to avoid being barred from future travel.

Fed Governor Stephen Miran Resigns After 18 Months

US Federal Reserve Governor Stephen Miran has unexpectedly resigned after just 18 months, citing personal reasons. The departure fuels speculation about internal discord at the world's most powerful central bank.

Court Upholds Trump's Firing of Fed Governor Lisa Cook

A US appeals court has dismissed Lisa Cook's lawsuit against Donald Trump, ruling the former president had absolute immunity when he fired her from the Federal Reserve Board in 2025. The landmark decision raises serious questions about presidential power

Trump Vows to Fire Fed's Lisa Cook if Re-Elected

Former President Donald Trump has pledged to fire Federal Reserve Governor Lisa Cook 'on Day One' of a potential second term, signalling an unprecedented assault on the US central bank's political independence and sending shockwaves through financial mark

162 UK Bank Branches to Close in 2024: Full List

Major banks including Barclays, HSBC, Lloyds, and NatWest have announced a sweeping wave of 162 branch closures across the UK in 2024, accelerating the decline of the British high street. Discover if your local branch is on the list.

Australia cuts skilled migration, new hurdles for UK applicants

In a major immigration overhaul, Australia cuts its skilled worker visa quota and raises the bar for applicants. Discover how new points tests, higher salary thresholds, and stricter English requirements will impact British nationals seeking a life down u

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