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Some economists have been looking at the conditions that signal a recession could be looming. The much anticipated Reserve bank decision on Interest rates settled on a pause yesterday leaving rates at 4.1%. This put the spotlight on the economy and the better than expected inflation figures a few weeks ago. The question is whether …
The Reserve Bank opted to keep interest rates at 4.1% on the back of better inflation figures. The pause also will allow them to better assess how the interest rate strategy is working according to Governor Philip Lowe. Many economists are also warning that we could tip into recession if accumulated rate hikes push too …
Lebanon, a once vibrant tourist hotspot, has been in crisis for years. Corruption of officials long pre-dating the pandemic was exacerbated by COVID-19. Since then, Lebanon has endured the Beirut ammonium nitrate explosion of 2020 that destroyed 77 000 apartments, wounded 7000 people and displaced 300 000 people. Rapid inflation has seen the country’s currency, …
The Reserve Bank of Australia has raised interest rates for the eighth consecutive time, taking the country’s cash rate to a level not seen in 10 years. The RBA raising rate will reach 3.1%. The last time the rate exceeded 3% was in 2012. This afternoon, the central bank decided to raise its cash rate …