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Australia hikes rates again and warns inflation will stay higher for longer
Australia's central bank on Tuesday raised its policy rate to 4.35%, matching its December 2024 peak, as inflation remains elevated. The move by the Reserve Bank of Australia was in line with expectations in a Reuters poll of economists and marked its third consecutive rate increase. Eight members of the board voted for the hike, while one voted to hold rates at 4.1%. In its statement, the RBA said inflation had picked up materially in the second half of 2025, with conflict in the Middle East pushing up fuel and commodity prices. "As expected, developments in the Middle East are having an impact on inflation. ... (full story)
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From dailyforex.com | May 5, 2026
The gold market dropped a bit in the early part of the Monday session, as we continue to see interest rates move the metals markets. The gold market fell pretty significantly during the early hours here on Monday to break significantly below the $4600 level before bouncing. Part of what's driving this, of course, will be the interest rate situation in the ...
The US service sector registered a decline in new work inflows at the start of the second quarter of 2026, according to the latest PMI data from S&P Global. It was the first reduction in demand since April 2024 amid the negative impact of the war in the Middle East and higher inflationary pressures. That said, there was a marginal improvement in business ...
