The Reserve Bank of Australia and the European Central Bank are facing global economic pressures. Data released on May 27 showed that CPI rose 0.4% in April.

The entities involved

• RBA →

  Spanish media enterprise

  • The Middle East conflict is driving up fuel costs and worsening inflation, prompting the RBA to raise interest rates.03:42
  • RBA analysis suggests a high probability of an interest rate hike in December due to widening rate differentials.Sun 22:50
• European Central Bank →

  central bank of the European Union and the eurozone

  • Firms are reporting tightening lending conditions, influenced by the policies of the European Central Bank.05:47
  • The European Central Bank manages the euro-area economy, with Christine Lagarde serving as its president.05:06
• Australian Bureau of Statistics →

  federal statistics and census agency of the Australian Government

  • ABS reports on the current state of the Australian economy.06:51
  • The Australian Bureau of Statistics reported the inflation rate for the ACT region.06:51

Related events

• ABS reports on Australian economic data, showing GDP growth influences RBA policy amidst Middle East disruptions.Sep 2
• ABS inflation data influences RBA policy outlook and prompts commercial banks like ANZ and NAB to adjust their interest rate forecasts.Aug 27
• The Reserve Bank of Australia is factoring in new consumer spending data when assessing current inflation risks in the country.Aug 27
• Renewed hostilities in the Middle East are driving up oil prices in Australia, prompting the RBA to consider interest rate hikes based on labor market reports.Jul 24
• Several European countries, including Croatia, Lithuania, and Greece, report higher inflation rates compared to Australia, while the IMF forecasts Australia's inflation.Oct 13