inflation
Tuesday, June 24th, 2008
Australia economy is heading towards a double edged sword situation. Price of petrol has contributed to majority of the economy inflation. The value of the currency will become smaller if this is situation persist. Eventually what we will be able to buy will be lesser compare to what we suppose ...
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Wednesday, June 4th, 2008
By midnight, petrol price in Malaysia will goes up from RM1.92 to RM2.70 (RM 0.84 or 40% rate hike). Inflation rate will goes up as high as 5.0 percent this year from the current levels of 3.0 percent in April.
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Wednesday, May 7th, 2008
After the Reserved Bank Board Meeting, RBA has decided to leave the official cash rate at 7.25% for the second month in a row. RBA currently has no intention in raising the interest rates over the next few months as there is evidence showing that the growth in demand is ...
Posted in Interest Rates | No Comments »
Sunday, May 4th, 2008
With the increase of interest rates by the Reserve Bank of Australia, it is expected that the housing market will slows down. After Australian Property Monitors announced the median price for property in Melbourne for the year end 2007, I made a prediction that the house price will not go ...
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Tuesday, April 29th, 2008
Had a conversation about currency with my friend few days back. The conversation is quite interesting which made me find out more on how interest rate control inflation and how inflation caused devaluation of the currency. Inflation is caused by excessive consumer and government spending which result the increase ...
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Tuesday, March 4th, 2008
Reserve Bank has officially raised its interest rates by 0.25% to 7.25% after today's monthly central bank board meeting. It is the highest level in 13 years as RBA's is concern about a worsening inflation outlook. It is the 12th consecutive increase by the RBA since May 2002 and will ...
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Saturday, February 16th, 2008
Written by : Stephen Schurr
Inflation, which occurs when prices rise as an economy overheats and demand outstrips supply, is the 800-pound gorilla that strikes fear into the heart of Wall Street, Main Street and Washington.
But it is one part -- the other part being recession -- of a broader, continuous ...
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Tuesday, February 5th, 2008
The Reserve Bank of Australia (RBA) has raised its official cash rate to 7 percent from 6.75 percent in a move to control the country high inflation rate which were running at about 3.5 per cent. Interest rates are now at the highest level since 1996 after 11 consecutive increase.
More ...
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