The Latest Breaking News on Economy

The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

The worst housing-market crash and the fastest inflation since the 1990s are turning Sweden into an early victim of the global tightening cycle and driving its currency to an almost 14-year low as policy makers walk the line between saving an overleveraged economy and taming price growth.

The Reserve Bank has announced another lift to the official interest rate, the ninth hike since May and reaching a 10-year high.

New York (AFP) - Stock markets slid and the dollar firmed Monday after the latest round of robust US economic data fanned expectations of more Federal Reserve interest rate hikes.

The government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months.

The RBA has lifted the cash rate target to 3.35 per cent, up another 25 basis points, as it keeps trying to squeeze inflation out of the system.

Tens of thousands of nurses and ambulance workers joined Britain’s largest-ever health sector strike on Monday – the latest walkout to cause disruption at the National Health Service. Public support for striking staff remains high, but negotiations with the government over pay increases have reached a stalemate.

Two Bank of England officials warned that Britain’s departure from the European Union is helping to stoke inflation and is one of the factors pushing up interest rates.