Express News | Bank of Canada Governor Macram: Higher interest rates will continue to limit household spending

BreakingsMay 9 23:51

Bank of Canada warns of risks brought about by changes in interest rate cut expectations

Glonghui, May 9 | The Bank of Canada warned that if interest rate trends do not meet market expectations, the prices of some assets may suddenly reverse. The central bank's financial stability report said that after rapid and aggressive austerity policies, the market “is paying more and more attention to when and how much interest rates will fall.” This has reinvigorated risk appetite and boosted asset prices. Markets and economists have lowered their expectations for the Bank of Canada to cut interest rates, partly because people think that the Bank of Canada deviates from the Federal Reserve's policy to a limited extent without causing monetary weakness.

Gelonghui FinanceMay 9 22:36

Australian Government Walks Fine Budget Line With RBA Primed to Hike

The question on the lips of the governor of the Reserve Bank of Australia, Michele Bullock, will be how much of that revenue will flow back into the economy by things like added measures aimed at easing a cost-of-living surge for consumers.

WSJMay 9 10:31

Canadian Dollar Claws Back Ground on Data-light Wednesday

Canadian Dollar rebounds after previous day’s downside.

FXStreetMay 9 00:40

AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations

The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.

FX678 FinanceMay 8 17:57

Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong FinanceMay 8 11:22