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RBA holds interest rate at 4.35% in December, as expected

The Reserve Bank of Australia (RBA) board members decided to leave the Official Cash Rate (OCR) unchanged at 4.35%, following the conclusion of its December monetary policy meeting on Tuesday. The decision came in line with the market expectations. The RBA raised the interest rate by 25 basis points (bps) in November. RBA’s Governor Michele Bullock…

AUD/USD drops below 0.6600 following RBA rate decision

AUD/USD loses traction near 0.6575 following the Reserve Bank of Australia (RBA) monetary policy meeting. The RBA decided to hold the rate unchanged at 4.35%, as widely expected. The market has priced in 97% odds that the Fed will keep the rate unchanged at a range of 5.25% to 5.50% in the next meeting. Investors…

AUD/JPY plummets to three-week low, further below 97.00 after RBA’s on hold rate decision

AUD/JPY drifts lower for the second straight day and dives to a three-week low on Tuesday. The RBA decided to keep its benchmark interest rate unchanged, as was widely anticipated. The accompanying policy statement weighs on the Aussie amid a generally softer risk tone. The AUD/JPY cross remains under some selling pressure for the second…

Central banks ‘not out of the woods’ in inflation battle

© Reuters. FILE PHOTO: The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland March 18, 2021. REUTERS/Arnd Wiegmann By Marc Jones LONDON (Reuters) - Global central bank umbrella body, the BIS, eased its hardline stance on inflation on Monday, calling recent progress encouraging, but stressed that central…

Fed, with rates at a peak, now looks at a hold and an eventual pivot lower

© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo By Howard Schneider WASHINGTON (Reuters) - U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when and how to signal…

Help Me Retire: I’m 60 with $6,100-a-month in Social Security disability and a pension. I want my money to work for 20 years —...

I am a 60 year-old single woman who lives with a partner, who is a disabled. We are not married mostly due to financial reasons. I have just started receiving Social Security disability benefits after being forced to retire in 2021. I have a pension of $3,200 per month and a Social Security payment of…

Help Me Retire: I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my...

I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have approximately $100,000 in mutual funds/savings accounts and $500,000 in my 401(k) account. I am able to live…

India Gold price today: Gold retreats, according to MCX data

Gold prices fell in India on Friday, according to data from India's Multi Commodity Exchange (MCX). Gold price stood at 62,442 Indian Rupees (INR) per 10 grams, down INR 85 compared with the INR 62,527 it cost on Thursday. As for futures contracts, Gold prices increased to INR 62,871 per 10 gms from INR 62,640 per…

How Leaders Can Be Stewards of “Good Tech”

Former IBM CEO Ginni Rometty on driving positive, meaningful change for individuals, our organizations, and our world. November 29, 2023 Kilito Chan/Getty Images Tweet Post Share Annotate Save Print It’s always been important for companies to take responsibility for the creation, application, and disruption of the technologies they create and use, but now that the…

China’s economy shows strength with 4.9% Q3 growth and yuan stability

China's economic indicators are signaling robust health as the People's Bank of China (PBOC) reports a solid third-quarter GDP growth of 4.9%. This performance is key to achieving the nation's economic targets, leveraging both cross-cyclical and counter-cyclical measures. The PBOC's annual report, released Monday, underscores the central bank's commitment to maintaining the yuan's stability while…

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