The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.6% on Tuesday in a unanimous decision, citing Middle East energy disruption and AI-driven technology price pressures as the main drivers of persistent inflation.
Category: Economy
Posted inEconomy
China Industrial Profit Growth Slows to 4.2% in August as Demand Weakens
China’s National Bureau of Statistics reported Monday that industrial profit growth fell to 4.2% year-on-year in August, sharply down from 11.2% in July, as weak domestic demand offset an AI-driven surge in electronics.
Posted inEconomy
Germany’s IFO Business Climate Rises to 89.9, Beating Forecasts
Germany’s ifo Business Climate Index rose to 89.9 in September from 88.8 in August, beating the 89.1 consensus forecast as services turned positive.
Posted inEconomy
US 10-Year Treasury Yield Hits 5.17%, Its Highest Level Since 2007
A blowout US business activity survey and a weak $70 billion auction pushed the 10-year yield to 5.17 percent on September 25, its highest since 2007.
Posted inEconomy
Norges Bank Raises Rate to 4.50% and Warns It May Hike Again
Norges Bank raised its benchmark rate 25 basis points to 4.50% on Thursday, its second hike of 2026, with Governor Bache warning rates must stay elevated until inflation returns to target.
Posted inEconomy
ECB’s Kocher Warns Inflation Must Not Entrench as Eurozone Economy Stays Fragile
ECB Governing Council member Martin Kocher said on Thursday the central bank must prevent excessively high inflation from becoming entrenched, reinforcing a data-dependent hawkish stance.
Posted inEconomy
Eurozone Slips Back Into Contraction as September Flash PMI Falls to 48.9
The euro area’s composite PMI fell to 48.9 in September, an eight-month low and the first sub-50 reading since January, as the Iran war’s energy shock dragged manufacturing and services simultaneously below the contraction threshold.
Posted inEconomy
Chinese State Buyers Place 260,000-Tonne US Soybean Order as Summit Goodwill Signal
Chinese state-owned enterprises placed orders for about 260,000 tonnes of US soybeans on September 21, a concrete trade gesture timed to signal goodwill ahead of the September 24 Xi-Trump summit in Washington.
Posted inEconomy
CDU Falls to 5% in Mecklenburg as AfD Surges to 37%
Germany’s CDU fell to 5% in Mecklenburg-Vorpommern, its worst result since WWII, as AfD hit 37% — a result Chancellor Merz called a ‘disaster’.
Posted inEconomy
Fed Rate Hike Leaves Emerging-Market Central Banks to Choose Between Inflation and Growth
The Federal Reserve’s September hike to 3.75–4 per cent is pressing emerging-market central banks to tighten even as growth slows, with research showing they follow the Fed about 60 per cent of the time.