
The Guardian - 3 hours 43 min ago
Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meeting Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia has held rates at 3.85%, in a surprise decision that denies further mortgage relief for millions of Australian households. The decision will come as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for...

The Guardian - 21 hours 18 min ago
President has savaged Federal Reserve chair Jerome Powell for not lowering interest rates, but he can't easily fire him For months, Donald Trump has ranted on social media and, at one point, threatened to fire the Federal Reserve chair, Jerome Powell . Last week, he took on a new, unusual tactic: a handwritten note. "You have cost the USA a fortune and continue to do so. You should lower the rate by a lot!" Trump wrote to Powell, whom he calls "Too Late" in one of his less compelling...