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Public spending can drive inflation, but from healthcare to education, Australians expect more and better public services – and Labor providedGet our breaking news email, free app or daily news podcastInflation is back, rate cuts are off the menu, and …
Close-run vote raises hopes of rates cut in December, with inflation now having peaked at 3.8%Business live – latest updatesThere were reasons to be cheerful contained within the Bank of England’s latest verdict on the outlook for the UK economy, relea…
Boss of supermarket urges Rachel Reeves not to fuel inflation with tax rises on retailers and suppliersThe boss of Sainsbury’s has urged Rachel Reeves not to fuel inflation with tax rises on retailers and their suppliers and says shoppers are delaying …
We now know that the central bank doesn’t think inflation will be back in its 2 to 3% target range until 2027Get our breaking news email, free app or daily news podcastHigher inflation for longer is likely to rule out any further rate cuts, with the Re…
Reserve Bank’s decision to leave cash rate on hold was widely expected and major banks predict no interest rates cut until 2026Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve …
Key deposit rate kept at 2% even as recovery starts to drive up price growth across blocBusiness live – latest updatesThe European Central Bank kept interest rates on hold on Thursday for the third meeting in a row despite concerns that a modest econom…
Michele Bullock plays down concerns about rising joblessness as economists pencil in February for next reduction in borrowing costsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Rese…
Increase was largely driven by a 4.1% increase in gasoline prices despite Trump’s campaign pledge to ‘end inflation’Prices continued to rise in September, increasing at an annual rate of 3%, according to the latest government inflation report.The Septe…
Policymakers under pressure for rethink after price growth in UK remained at 3.8% in SeptemberUK inflation remains at 3.8% for third month in a rowBusiness live – latest updatesHas UK inflation peaked? The latest official figures showing price growth i…
Annual September rate confounds forecasts of a rise, as pace of food price growth slows for first time since MarchAnalysis: Signs of peak inflation open door to earlier Bank of England interest rate cutsUK inflation was unchanged last month at 3.8%, co…