meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike issues are resolved, they will have a big impact. you ve got 500 workers, two major plants and they produce around 5% of global supply. it s a major impact and certainly asia would be. ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank s are concerned, we seeing hopefully with retail sales fairly strong. if that s not a bad point, normally a good point but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise.
world. the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike i55ues maguire says if chevron strike issues are resolved they will have a big impact. issues are resolved they will have a big impact. you ve got 500 workers. have a big impact. you ve got 500 workers, two have a big impact. you ve got 500 workers, two major- have a big impact. you ve got| 500 workers, two major plans and they produce around 5% of global supply. and they produce around 5% of globalsupply. it s and they produce around 5% of global supply. it s eight major impact and certainly asia would be. feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we start recently. what will be the impact on the central bank was back as far as central banks are concerned, we seeing hopefully with retail sales fairly strong. iii hopefully wi
aggressively with stronger inflation by draining spending power enough to risk a downturn. we re not expecting, we re not desiring a recession, but we will do what is necessary to bring inflation down to target. we cannot continue to have the current level of wage increases, and we can t have companies seeking to rebuild profit margins, which means prices continue to go up at their current rates. the bank is trying to hose down some very hot british inflation numbers, but also, again, trying to persuade workers and companies politely to temper both wage demands and price rises. the immediate question is, for the bank of england, where do rates go from here? the markets did seem to gain confidence in the bank of england s ability to deal with this high and sticky inflation after today s surprise decision. but there are some concerns that changes in the mortgage market, changing in the structure of the economy, have altered the ability of the bank to control where the economy goes.
the bank is trying to hose down some very hot british inflation numbers, but also, again, trying to persuade workers and companies politely to temper both wage demands and price rises. the immediate question is, for the bank of england, where do rates go from here? the markets did seem to gain confidence in the bank of england s ability to deal with this high and sticky inflation after today s surprise decision. but there are some concerns that changes in the mortgage market, changing the structure of the economy, have altered the ability of the bank to control where the economy goes. one of the changes contributing to higher inflationary pressure is a workforce shortage caused by long term illness, among other things andrew in shrewsbury, a former ultra marathon runner, one of the many thousands unable to work because of long covid. so not only am i not able to work, i can t function around the house, i can barely care for myself at my absolute worst. but his household hit by rising
prices continue to go up at their current rates. the bank is trying to hose down some very hot british inflation numbers, but also, again, trying to persuade workers and companies politely to temper both wage demands and price rises. the immediate question is, for the bank of england, where do rates go from here? the markets did seem to gain confidence in the bank of england s ability to deal with this high and sticky inflation after today s surprise decision. but there are some concerns that changes in the mortgage market, changing in the structure of the economy, have altered the ability of the bank to control where the economy goes. one of the changes contributing to higher inflationary pressure is a workforce shortage caused by long term illness, among other things. andrew in shrewsbury, a former ultra marathon runner, one of the many thousands unable to work because of long covid. so not only am i not able to work, i can t function round the house, i can barely care for myself