The Institute of Chartered Accountants in England and Wales (ICAEW) Economics Director Suren Thiru has commented on the UK labour market data disclosed by the Office for National Statistics. Thiru noted that the UK's employment outlook remains uncertain due to sinking business confidence and rising cost pressures, which may lead to a slight increase in unemployment. He also stated that the pace of slowing wage growth is unlikely to prompt a majority of rate setters to support a November rate cut. In Jul ...

By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its cash rate at 3.60% next week, all the economists in a Reuters poll said, as the labour market remains tight and policymakers wait to see firm signs that inflation is easing. While the consensus view for a year-end rate of 3.35% remained intact, a handful of respondents pushed back their November rate cut forecasts, pointing to higher monthly inflation readings. Australia's monthly consumer price index (CPI) rose 3.0% in ...