On Thursday this week, the Bank of England announces its latest decision on interest rates.The UK's central bank has used Brexit uncertainty as a good excuse to do very little over the last few years.With a general election looming, don't expect any change to that this week.
Meanwhile, tomorrow morning viewers in the UK will learn about the Australian central bank's latest move on interest rates.The Australian economy has been struggling somewhat, but recent data on inflation and employment has been better than expected. So the bank is expected to keep interest rates at their current record low of 0.75%. If the bank is gloomier than markets expect, that could put a dent in the Australian dollar.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
