Category central_banks

RBA Raises Rate To 4.35%

Eight of nine members backed the May rate hike The Reserve Bank of Australia increased its rate by 25 basis points to 4.35%. The decision was made due to rising inflation risks from the Gulf conflict. The board considered two options: holding at 4.10% or raising the

Warsh Set To Take Fed Chair Role

New Fed chair Warsh faces pressure to cut rates Warsh is expected to assume his role as Fed chair on Friday. Prediction market platforms are offering users 38.2% chances on event contracts betting that the central bank will lower interest rates before 2027. The Fed'