Posts tagged "central bank"

Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.

There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.

The Reserve Bank has no choice but to join the currency debasement contest that’s now going on around the world, and to cut rates by another…