Globally we are continuing to see rates on hold however there remain concerns around inflation remaining sticky. In the US, the Federal Reserve left interest rates on hold this month after inflation increased slightly but did warn that it would keep increasing if need be. Nevertheless, markets are expecting cuts to start towards the end of next year.
Surprisingly, UK inflation is coming down, despite stubbornly rising power prices. The Bank of England maintained rates, ending a run of 14 consecutive rate rises even though inflation remains a lot higher than other countries.
There are some exceptions where rate rises will continue at a rapid rate. Turkey’s inflation rate is now at 59 per cent with interest rates at 25 per cent after a failed attempt to solve inflation problems by cutting rates last year when inflation was rising rapidly. Argentina’s inflation is at 124 per cent and interest rates are at 118 per cent after the government resorted to printing money to try to provide economic support.
We are so excited to welcome a beloved local business to our tenant family at Reef Plaza in Cannonvale. Cherrie Baby has officially opened its doors, bringing a curated shopping experience right to the heart of our community. We spoke with the owner, Sophie, to chat about the business, their beautiful new space, and what … […]
Dan White and Nerida Conisbee in Martin Place Ray White Group, Australia’s largest real estate network, has responded to the federal government’s decision to restrict negative gearing to new residential builds and overhaul the capital gains tax discount, as the changes directly affect millions of … […]