The Reserve Bank of Australia maintains interest rates at 4.35%.

The Reserve Bank of Australia maintains interest rates at 4.35%.
The Reserve Bank of Australia maintains interest rates at 4.35%.

The Reserve Bank of Australia maintained its benchmark interest rate at 4.35% for the eighth consecutive meeting, in accordance with the predictions of economists surveyed by Reuters.

While other central banks in advanced economies have seen inflation decrease since its peak in 2022, the Reserve Bank of Australia stated that underlying inflation remains too high.

The bank predicts that inflation will not reach the midpoint of its 2%-3% target until 2026.

This is breaking news, please check back for updates.

by Lim Hui Jie

Markets

Soaring home insurance costs due to surging climate-related events, says Treasury Department.

Soaring home insurance costs due to surging climate-related events, says Treasury Department.

Markets
The quarter was excellent for Wall Street banks, and the good times are yet to come.

The quarter was excellent for Wall Street banks, and the good times are yet to come.

Markets
Multiple interest rate cuts could be possible in 2025, according to Fed Governor Waller.

Multiple interest rate cuts could be possible in 2025, according to Fed Governor Waller.

Markets
Oil freight rates are affected by U.S. sanctions on Russia.

Oil freight rates are affected by U.S. sanctions on Russia.

Markets
Morgan Stanley exceeds expectations with robust trading revenue in equities and fixed income.

Morgan Stanley exceeds expectations with robust trading revenue in equities and fixed income.

Markets
Slight increase in treasury yields as investors analyze recent economic information.

Slight increase in treasury yields as investors analyze recent economic information.

Markets
Investment banking and interest income exceed expectations at Bank of America.

Investment banking and interest income exceed expectations at Bank of America.

Markets
BP to slash thousands of jobs in a bid to save money.

BP to slash thousands of jobs in a bid to save money.

Markets
The UK economy experiences slower-than-expected growth of 0.1% in November.

The UK economy experiences slower-than-expected growth of 0.1% in November.

Markets
The founder of Hindenburg Research has announced the closure of his short-seller research shop.

The founder of Hindenburg Research has announced the closure of his short-seller research shop.

Markets
Despite CEO Jamie Dimon labeling the stock as expensive, JPMorgan Chase is increasing buybacks.

Despite CEO Jamie Dimon labeling the stock as expensive, JPMorgan Chase is increasing buybacks.

Markets
UK borrowing costs decrease, on track for first daily decline in 2025 due to decreased inflation concerns.

UK borrowing costs decrease, on track for first daily decline in 2025 due to decreased inflation concerns.

Markets
Gundlach of DoubleLine says the Fed resembles Mr. Magoo and is too focused on short-termism.

Gundlach of DoubleLine says the Fed resembles Mr. Magoo and is too focused on short-termism.

Markets
Goldman's Solomon states that there has been a significant change in CEO confidence since Trump's election.

Goldman's Solomon states that there has been a significant change in CEO confidence since Trump's election.

Markets
Saudi minister says that oil is no longer a major concern for energy security, as the focus shifts to critical minerals.

Saudi minister says that oil is no longer a major concern for energy security, as the focus shifts to critical minerals.

Markets
Microsoft's "quantum ready" directive propels quantum computing stocks to new heights.

Microsoft's "quantum ready" directive propels quantum computing stocks to new heights.

Markets
The core inflation rate decreased to 3.2% in December, below the anticipated level.

The core inflation rate decreased to 3.2% in December, below the anticipated level.

Markets
Saudi Arabia pledges to accelerate its mining efforts with a $100 billion investment.

Saudi Arabia pledges to accelerate its mining efforts with a $100 billion investment.

Markets
Citigroup reports a profit in the fourth quarter, exceeding expectations on the strength of its investment banking division.

Citigroup reports a profit in the fourth quarter, exceeding expectations on the strength of its investment banking division.

Markets
After beating earnings and providing strong 2025 guidance, Wells Fargo's shares experience a jump.

After beating earnings and providing strong 2025 guidance, Wells Fargo's shares experience a jump.

Markets

You might also like