The BOE is trying to strike a balance between taming inflation and supporting growth
It raised the seven-day reverse repurchase rate to 5.75%, the highest level since May 2025
It raised the seven-day reverse repurchase rate to 5.75 per cent, the highest level since May 2025
The real estate sector is a major borrower in the roughly A$200 billion industry in the country
The proposed settlement remains subject to approval by the Federal Court
The proposed settlement remains subject to approval by the Federal Court
The statement marks a turning point not just in leadership at the central bank but in a monetary policy outlook
The statement marks a turning point not just in leadership at the central bank but in a monetary policy outlook
Inflation was held down by food and non-alcoholic drinks
The main concern is that it will take time to restore production capacity, repair infrastructure and get ships sailing again
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