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Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation

Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation

© Reuters. FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. REUTERS/David Gray SYDNEY (Reuters) – Australia’s central bank on Friday downgraded the outlook for economic growth, warning that more rate hikes will be necessary to bring down…

Brazil central bank says inflation projections keep consistent with reaching ‘around the target’

Brazil central bank says inflation projections keep consistent with reaching ‘around the target’

© Reuters. FILE PHOTO: People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado BRASILIA (Reuters) – Brazil’s central bank said that its inflation projections remain at values consistent with the strategy of reaching a level around the target over the relevant horizon, according to minutes from its…