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RBA s Bullock Set for First Rate Hike as Inflation Lingers

(Bloomberg) Australia’s central bank is forecast to raise interest rates on Tuesday, ending a four-meeting pause as persistent inflation and broader economic resilience suggest a further clampdown is needed to cool prices.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fi

High government spending may boost Q3 growth

THE Philippines is expected to see an improvement in its economic performance in the third quarter this year on the back of higher government spending, according to Moody’s Analytics. In its weekly economic view, Moody’s Analytics said the country’s GDP may have improved to 5.1 percent. This is higher than…

Inflation may have breached BSP s expectations–analyst

THE country’s inflation rate in October may have breached the expectations of the Bangko Sentral ng Pilipinas (BSP), according to the think tank of the Australia and New Zealand (ANZ) Banking Group Ltd. The “Asia Macro Weekly” report by the bank’s unit ANZ Research-Economics (ANZ-RE) revealed that the country may…

Gold Climbs to Four-Week High as Mideast Conflict Intensifies

(Bloomberg) Gold jumped to the highest level in four weeks as the intensifying conflict in the Middle East bolstered haven demand, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza.Most Read from BloombergGaza Hospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pi

RBA to Hold Rate as Pimco Sees Hikes Already Hitting Households

RBA to Hold Rate as Pimco Sees Hikes Already Hitting Households
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