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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…

Tunisia to start difficult economic reforms soon

Tunisia to start difficult economic reforms soon

© Reuters. FILE PHOTO: Tunisia’s Central Bank governor Marouane El Abassi attends a news conference in Tunis, Tunisia, February 20, 2019. REUTERS/Zoubeir Souissi TUNIS (Reuters) – Tunisia will soon enact difficult economic reforms that have been delayed for years, the central bank governor said on Saturday, adding that financial authorities were trying to keep the…

Australia to cut economic growth forecasts on lower consumer spending

Australia to cut economic growth forecasts on lower consumer spending

© Reuters. FILE PHOTO: People shop at the South Melbourne Market on the second day of eased coronavirus disease (COVID-19) lockdown regulations set to curb the outbreak, in Melbourne, Australia, October 23, 2021. REUTERS/Sandra Sanders SYDNEY (Reuters) – Australia’s economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption,…