Consumer price temperature check key to rates outlook

@MichaelWestBiz— Australia’s hotly anticipated quarterly consumer price index will land amid fears inflation progress is stalling in some advanced economies and threatening to delay interest rate cuts. Consecutive months of hotter-than-expected United States inflation data have pushed back the expected timing of rate cuts in the world’s biggest economy to later this year. Australian interest-rate markets […]

Bloomberg.com—UK House Prices Fall Again After Mortgage Rates Creep Higher. UK house prices fell at the sharpest pace in eight months after the cost of mortgages crept higher, one of the country’s biggest lenders said.

www.sunderlandecho.com—North East house prices rising at sharpest rate in the UK. North East property prices are rising faster than anywhere else in the UK. The latest Land Registry statistics show house prices across the region rose to an average £160,406 in February, a monthly jump of 3.2%, and 2.9% year-on-year. Across England as a whole, prices rose by 0.6 % in February but were down by 1.1% over the previous 12 months. Scotland saw prices fall by an average of 0.6% during February, but that still represented a year-on-year rise of 5.6%. The picture was reversed in...

Bloomberg.com—Nigeria’s Debt Rating Outlook to Positive by Fitch Amid Reforms. Nigeria’s credit rating outlook was lifted by Fitch Ratings to positive from stable, six months after it said that reform progress since President Bola Tinubu came to power in May of last year was faster than it anticipated.