RBA Admits Delayed Interest Rate Hikes During 2022 Inflation Surge
Reserve Bank of Australia Governor Michele Bullock admitted the bank was too slow to raise interest rates during the 2022 inflation surge, which peaked at 7.8 percent in December, and that this delay influenced its recent decision to cut rates, the first such reduction in over four years. The RBA's ...
RBA Admits Delayed Interest Rate Hikes During 2022 Inflation Surge
Reserve Bank of Australia Governor Michele Bullock admitted the bank was too slow to raise interest rates during the 2022 inflation surge, which peaked at 7.8 percent in December, and that this delay influenced its recent decision to cut rates, the first such reduction in over four years. The RBA's ...
Progress
36% Bias Score
Australia Mandates Cash for Essential Goods from 2026
The Australian government proposes a 2026 mandate requiring businesses selling essential goods (groceries, children's clothes) to accept cash, but not non-essentials (alcohol), with penalties for non-compliance, including potential class-action lawsuits, to combat declining cash use (under 13 percen...
Australia Mandates Cash for Essential Goods from 2026
The Australian government proposes a 2026 mandate requiring businesses selling essential goods (groceries, children's clothes) to accept cash, but not non-essentials (alcohol), with penalties for non-compliance, including potential class-action lawsuits, to combat declining cash use (under 13 percen...
Progress
36% Bias Score
Averted Strike Averts German Cash Crisis
A potential strike by 10,000 German cash transport workers was averted after reaching a wage agreement (6.5%-8.4% increase) and a new 5-year contract; despite 50% of transactions still being in cash, businesses expect minimal disruption due to the increasing use of cards.
Averted Strike Averts German Cash Crisis
A potential strike by 10,000 German cash transport workers was averted after reaching a wage agreement (6.5%-8.4% increase) and a new 5-year contract; despite 50% of transactions still being in cash, businesses expect minimal disruption due to the increasing use of cards.
Progress
48% Bias Score
Software Failure Spurs Cash Rush, Underscoring Need for Payment Diversity
A major software failure caused widespread digital payment disruptions, leading to a 30% surge in U.K. ATM withdrawals and highlighting the ongoing importance of cash as a backup payment method amid growing concerns about digital security and privacy.
Software Failure Spurs Cash Rush, Underscoring Need for Payment Diversity
A major software failure caused widespread digital payment disruptions, leading to a 30% surge in U.K. ATM withdrawals and highlighting the ongoing importance of cash as a backup payment method amid growing concerns about digital security and privacy.
Progress
36% Bias Score
Gundlach Advises Increased Cash Positions Amidst Fed's Revised Rate Cut Projections
Fixed income investor Jeffrey Gundlach advises increasing cash positions to 30% of a portfolio due to the Federal Reserve's announcement of only two potential rate cuts in 2024, impacting money market fund yields which currently stand at 4.41% on the Crane 100 Money Fund Index, contrasting previous ...
Gundlach Advises Increased Cash Positions Amidst Fed's Revised Rate Cut Projections
Fixed income investor Jeffrey Gundlach advises increasing cash positions to 30% of a portfolio due to the Federal Reserve's announcement of only two potential rate cuts in 2024, impacting money market fund yields which currently stand at 4.41% on the Crane 100 Money Fund Index, contrasting previous ...
Progress
48% Bias Score