RBA Rate Cut Boosts Borrowing Capacity, Improves Housing Market Sentiment
The Reserve Bank of Australia's (RBA) interest rate cut to 4.1 percent on Tuesday increased borrowing capacity for average-income couples by \$23,100, potentially boosting housing market sentiment and stabilizing falling prices, although experts caution against expecting a significant price surge.
RBA Rate Cut Boosts Borrowing Capacity, Improves Housing Market Sentiment
The Reserve Bank of Australia's (RBA) interest rate cut to 4.1 percent on Tuesday increased borrowing capacity for average-income couples by \$23,100, potentially boosting housing market sentiment and stabilizing falling prices, although experts caution against expecting a significant price surge.
Progress
40% Bias Score
India Cuts Interest Rates to Counter Slowing Growth
India's central bank cut interest rates for the first time in nearly five years to a repo rate of 6.25% to counter slowing growth to 6.7%, a four-year low, while also injecting $18bn into the banking system to ease cash shortages.
India Cuts Interest Rates to Counter Slowing Growth
India's central bank cut interest rates for the first time in nearly five years to a repo rate of 6.25% to counter slowing growth to 6.7%, a four-year low, while also injecting $18bn into the banking system to ease cash shortages.
Progress
36% Bias Score
India's 2024 Budget: Tax Cuts Aim to Boost Consumption Amidst Economic Slowdown
India's 2024 budget includes a \$11 billion tax cut for those earning under \$13,694 annually, aiming to boost consumption and counter a slowdown in urban spending, alongside plans for increased government capital expenditure.
India's 2024 Budget: Tax Cuts Aim to Boost Consumption Amidst Economic Slowdown
India's 2024 budget includes a \$11 billion tax cut for those earning under \$13,694 annually, aiming to boost consumption and counter a slowdown in urban spending, alongside plans for increased government capital expenditure.
Progress
36% Bias Score
RBA Cuts Interest Rate by 0.25 Percentage Points
The Reserve Bank of Australia (RBA) cut the cash rate by 0.25 percentage points to 4.1 percent, its first rate cut in over four years, providing mortgage holders with approximately $100 monthly relief on a $600,000 mortgage, although further cuts are unlikely in the near future due to inflation conc...
RBA Cuts Interest Rate by 0.25 Percentage Points
The Reserve Bank of Australia (RBA) cut the cash rate by 0.25 percentage points to 4.1 percent, its first rate cut in over four years, providing mortgage holders with approximately $100 monthly relief on a $600,000 mortgage, although further cuts are unlikely in the near future due to inflation conc...
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40% Bias Score
Bank of England Cuts Interest Rates Amidst Economic Slowdown
The Bank of England cut interest rates from 4.75 percent to 4.5 percent today, citing concerns about the slowing UK economy and slower-than-expected inflation reduction, despite risks from US tariffs and recent tax increases.
Bank of England Cuts Interest Rates Amidst Economic Slowdown
The Bank of England cut interest rates from 4.75 percent to 4.5 percent today, citing concerns about the slowing UK economy and slower-than-expected inflation reduction, despite risks from US tariffs and recent tax increases.
Progress
48% Bias Score