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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…

Analysis-Fiscal rules revamp may threaten calm in euro zone’s fragile bond markets

© Reuters. FILE PHOTO: Italian Prime Minister Giorgia Meloni and German Chancellor Olaf Scholz address the media during their meeting at the Chancellery in Berlin, Germany, November 22, 2023. REUTERS/Fabrizio Bensch By Stefano Rebaudo (Reuters) - The recent calm in bond markets of the most indebted euro zone nations could quickly flip to turmoil in…

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…

The Moneyist: My father has dementia and ‘forgave’ my brother’s $200,000 house loan. The nursing-home notary said he was of sound mind. What can...

My father lent my brother the funds to purchase a house in 2006. The loan was formal and registered in the county. The interest was 4%, and it was a 30-year loan for $300,000. It was bought as an investment property for my brother. It is in a very rural area.  My parents made many…

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…

Top Crypto Coins: GameStop Memes Joins Ethereum and Binance Coin with $4 Million Haul

Ahoy, crypto enthusiasts! Get ready for a wild ride as we set sail in the vast and exciting ocean of top crypto coins. Leading our crew is the daring GameStop Memes (GSM), a true game-changer that has plundered a whopping $4 million in its presale. Join us as we explore the strategies of the mighty…
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

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