Australia interest rate rise takes cash rate to 4.85% in fifth 2026 move
Australia interest rate rise: the RBA raised its cash rate to 4.85 per cent on 3 November. See why it moved and what mortgage borrowers and savers should check.
Inflation
US Fed raises interest rates for first time in three years — Here’s what it means
The US Federal Reserve has raised its benchmark interest rate for the first time in more than three years, taking the target range to 3.75%–4% in a move that could have consequences beyond the American economy. The Federal Open Market Committee approved the quarter-point increase by a unanimous 12–0 vote on September 16, saying inflation … Read more
Fed raises rates as inflation refuses to cool: What the September FOMC decision means for Americans
The Federal Reserve has raised its benchmark interest rate for the first time since July 2023, marking a major shift in monetary policy as officials respond to persistent inflation and renewed pressure from energy prices. The Federal Open Market Committee voted unanimously, 12-0, to increase the federal funds rate by 25 basis points, taking the … Read more
South Africa’s October fuel shock could set new petrol, diesel records
South African motorists may face record petrol and diesel prices in October as higher international oil costs and a weaker rand increase pressure on local fuel prices
CBN holds interest rate at 26.5% as Olayemi Cardoso rejects intervention policies, warns on inflation risks
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 per cent, reinforcing its cautious approach to inflation control and macroeconomic stability amid renewed economic pressures. The decision was reached during the 305th meeting of the Monetary Policy Committee (MPC), where policymakers opted to hold all major monetary parameters steady despite … Read more
Jerome Powell scores stunning court win as Judge blasts DOJ probe and blocks Fed subpoenas
In a dramatic escalation of the clash between the Trump administration and the Federal Reserve, Chair Jerome Powell scored a major legal win after a federal judge blocked grand jury subpoenas issued as part of a criminal investigation into the central bank chief. The ruling, which sharply criticised the Justice Department’s actions, has intensified debate … Read more
UK inflation falls to 3.6% — But why are food prices still so high and what will the 2025 budget change?”
After months of stubborn price pressures and a frustrating standstill in consumer confidence, the United Kingdom has finally recorded a modest shift in its inflation trajectory. October’s Consumer Prices Index (CPI) eased from 3.8% to 3.6%, signalling what many analysts hope is the beginning of a gradual return to economic stability. While modest, the drop … Read more
Can Jerome Powell’s Fed survive the tariff shock and job market slump?
As Federal Reserve Chair Jerome Powell prepares to deliver his final remarks before the Fed’s late-October policy meeting, investors and economists are bracing for signals on how the U.S. central bank will navigate a complicated economic landscape. The American economy is showing remarkable resilience — growth remains robust, and productivity has surged — yet underlying … Read more
Fuel price relief brings hope, amid challenges for South Africans
South Africans will wake up to a welcome change on Wednesday, September 3, 2025, as petrol and diesel prices drop, offering a sliver of financial relief in a tough economic climate. According to recent reports, diesel prices will decrease by 56c or 57c per litre depending on sulphur content, while petrol prices will also see … Read more
Why has the Bank of England cut rates despite high inflation?
The Bank of England’s recent decision to cut interest rates to 4% has sparked widespread debate, particularly given that inflation remains well above its 2% target. This move, made in a closely split vote by the Monetary Policy Committee (MPC), has raised eyebrows—especially as it involved an unusual second vote to break the tie. At … Read more
Interest rates fall to 7% for South Africans – here’s how it affects you
SARB cuts repo rate to 7%, aiming for a 3% inflation target amid global risks and rising US tariffs, easing pressure on consumers.
Impact of economic hardship and inflation on PWDs in Nigeria
By Eja Manifest Eji: Nigeria is home to over 30 million persons with disabilities (PWDs), each with unique strengths, dreams, and contributions to society. However, the current wave of economic hardship and inflation is hitting this community disproportionately, amplifying pre-existing challenges and threatening their ability to live with dignity. Inflation has driven up the cost … Read more