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 excited to announce a new series of features highlighting the incredible businesses located at the commercial hub, 1 Carlo Drive, Cannonvale. Each week, we will put a spotlight on one of our commercial tenants, showcasing their unique offerings, services, and the passionate individuals behind these enterprises. Through these … Read more
Vanessa Rader Ray White Group Head of Research Property prices continue to rise nationwide, with significant growth in both metropolitan and regional areas. Western Australia stands out, surpassing national averages. Perth has become Australia’s fifth most expensive housing market, overtaking Adelaide with a median house price of $821,093, reflecting a … Read more