Victoria Plans 10% Public Service Staff Cost Cuts
The Victorian government announces a plan to cut public service staff costs by 10% to save A$1.6 billion. Learn the details and potential impacts of this major austerity measure.
Category : Search result: RBA rate cuts
ANZ warns of 'extended period' of high mortgage rates
Homeowners in Australia face a prolonged period of high interest rates as ANZ abandons plans for cuts. The RBA holds the cash rate at 3.6% amid stubborn inflation. Read the full analysis.
WHO to lose nearly a quarter of its workforce by 2026
Massive WHO staff cuts of nearly 25% will severely impact global health security and disease outbreak response, experts warn. The world faces increased health risks.
Adjustable-Rate Mortgages: What You Need to Know
Considering an adjustable-rate mortgage? Discover how ARMs work, their risks, and if this variable-rate home loan suits your financial situation. Make an informed decision.
Adjustable-Rate Mortgages: A UK Buyer's Guide
Considering an adjustable-rate mortgage? Discover the pros, cons, and essential factors to determine if this UK property finance option aligns with your homeownership goals.
CSIRO cuts 350 jobs in major blow to Australian science
Australia's national science agency CSIRO announces up to 350 job cuts, described as 'worst cuts ever seen' and a 'sad day for publicly funded science'.
Bank Rate Rises Signal End to Interest Rate Cut Cycle
Westpac hikes fixed mortgage rates, signalling the potential bottom of the interest-rate cycle. Expert David Koch warns of higher-for-longer inflation, dashing hopes for imminent cuts.
Bank of England Summer Rate Cut Predicted by Goldman Sachs
The Bank of England's Monetary Policy Committee could implement interest rate cuts as early as June, with Goldman Sachs forecasting significant easing as UK inflation shows sustained improvement.
RBA: Inflation to rise faster than wages in 2025
The Reserve Bank of Australia predicts inflation will rise faster than wages in 2025, threatening living standards and creating a cost-of-living crisis for British households.
RBA holds rates at 12-year high amid cost crisis
The Reserve Bank of Australia maintains its tough stance against inflation, keeping interest rates at 4.35% while households face mounting financial pressure from rising expenses across housing, utilities and essentials.
Chalmers: Inflation pain continues despite rate pause
Exclusive: Jim Chalmers reveals inflation battle far from over as Australians face ongoing cost-of-living pressures. The Treasurer warns of difficult months ahead despite RBA holding rates steady.
RBA Governor's sporting cliches amid rate pain
As the Reserve Bank governor deploys sporting metaphors, stretched Australian households face mounting financial pressure with no relief in sight for cost of living crisis.
Pound crashes to 5-week low after Labour budget
Sterling tumbles to five-week low against US dollar as Chancellor Rachel Reeves's first budget announcement triggers market concerns over UK economic stability and potential tax increases.
RBA holds interest rates at 4.35% for fifth meeting
The Reserve Bank of Australia maintains current interest rates at 4.35% for the fifth consecutive meeting as inflation battle continues. Governor Michele Bullock signals cautious approach despite economic pressures.
RBA Holds Rates as Inflation Surprise Rattles Economy
The Reserve Bank of Australia maintains current interest rates despite unexpected inflation data, signalling cautious optimism amid economic uncertainty. Analysis of what this means for mortgages and the broader economy.
Barefoot Investor: RBA flying blind on rates
Financial guru Scott Pape delivers scathing assessment of Reserve Bank's interest rate decisions, claiming Australians are paying the price for economic mismanagement in cost of living crisis.
Canada's recession budget imposes austerity measures
The Canadian government has unveiled a stark austerity budget featuring sweeping spending cuts and tax increases as the nation confronts its first recession in over a decade. Key public services face significant reductions while households brace for finan
Australian Mortgage Crisis: 1 in 3 in Severe Financial Stress
Exclusive analysis reveals nearly a third of Australian mortgage holders are experiencing 'severe financial stress' with interest rate hikes pushing thousands toward breaking point. Experts warn of potential defaults and economic fallout.
RBA holds rates steady, no cuts in sight
The Reserve Bank of Australia has dashed hopes for imminent rate cuts, maintaining current settings amid persistent inflation pressures and economic uncertainty.
Amazon axes hundreds more UK jobs in new cuts
Amazon continues its global workforce reduction with significant cuts to its UK operations, affecting hundreds of employees across multiple divisions including its streaming and Alexa teams.
Japan's population crisis deepens as births hit record low
Japan faces an unprecedented demographic emergency as new data reveals the sharpest population decline in history, with births plummeting to their lowest level since records began.
Russia's population crisis deepens with 2M loss
New statistics reveal Russia's population has dropped by over 2 million since 2021, with deaths significantly outnumbering births as Putin's war and economic pressures create a perfect demographic storm.
Australia's unemployment shock signals cooling economy
Australia's unexpected unemployment surge to 4.4% signals an economy cooling faster than anticipated, raising urgent calls for economic stimulus rather than interest rate hikes.
Australia's Hidden Jobs Crisis Worries Economists
New analysis reveals Australia's rising unemployment figures mask a deeper economic concern as underemployment and multiple job-holding surge, creating what experts call a 'messy' and worrying trend.
Australia's fertility rate hits record low: 1.55 births per woman
New data reveals Australia's fertility rate has hit an unprecedented low of 1.55 births per woman, sparking concerns about future economic stability and population ageing.
RBA: Housing crisis driven by supply shortage, not rates
Reserve Bank Governor Michele Bullock challenges critics, arguing Australia's housing affordability crisis stems from chronic undersupply rather than monetary policy decisions.
Government slashes museum funding in major shake-up
Major English museums face devastating budget cuts as Arts Council England redirects funding away from traditional institutions toward 'levelling up' agenda, sparking outrage in cultural sector.
Tories Unveil Radical Welfare Cuts Plan
The Conservative government announces sweeping welfare reforms that could significantly reduce benefits payments for millions, sparking immediate backlash from charities and opposition parties.
RBA Bets Against Rate Cut Despite Economic Signals
The Reserve Bank of Australia appears poised to pause interest rate cuts, signalling confidence in the economy despite contradictory data. Analysis suggests the RBA believes current conditions are stronger than indicators show.
RBA holds rates amid economic uncertainty and China tensions
The Reserve Bank maintains interest rates amid global economic uncertainty and domestic inflation concerns, while Australia faces diplomatic challenges with China and environmental crises.
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