Bank Governor Nabiullina stated that it will take 2-3 months to confirm inflation decrease before making any decisions on interest rate cuts.
Hungary’s popular Christmas markets are facing a cost-of-living crisis as soaring prices leave both locals and tourists struggling to afford traditional festive foods and drinks.
The Federal Reserve is expected to keep interest rates unchanged as policymakers face speculation about eventual rate cuts amid a changing economic landscape.
Packaged food companies may see relief from easing inflation, allowing them to boost volume and benefit from holiday promotions. The holiday shopping season is expected to provide a positive impact for companies such as Kraft and McCormick.
World stock markets display mixed performance as Wall Street concludes its best month of the year
Federal Treasurer Jim Chalmers meets with Labor backbenchers to address cost of living relief, while facing pressure for more action in the mid-year budget update. OECD forecasts rate cuts for next year.