It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
As interest rates remain high, large banks are seeing a boost in revenue. They can charge higher rates on loans and pay lower rates on deposits. Smaller banks, however, are squeezed as their funding costs increase. These banks are also facing challenges with commercial real estate loans becoming due this year. The shifting interest rate landscape is expected to benefit large banks like JPMorgan Chase, while smaller banks like Valley Bank face challenges.
Turkey's inflation rate has soared to an alarming 67%, driven by rising costs in hospitality, health, education, and transportation. The surge in inflation has raised concerns about further interest rate hikes, despite earlier assurances to the contrary, and has put pressure on the lira. Food prices have also skyrocketed, exacerbating the financial strain on Turkish households. While experts predict inflation will decline in the long term, policymakers face pressure to address the issue before local elections.
