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October 2019

Disclaimer :
"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

Interest Rates in Australia Lowered to 0.75%

Australia is the latest country to lower their interest rate to an historic low. The Reserve Bank of Australia has cut the rate for the third time this year, resulting in a new figure of 0.75%.


This rate cut was designed to kick-start the Australian economy, which has been sluggish for some time now. Earlier this year, the Australian interest rate was reduced by 0.25% in both June and July.


The Facts Behind the Decision


UK Interest Rates Could Fall Even if Brexit Deal Agreed

UK Interest Rates Could Fall Even if Brexit Deal Agreed

It has been revealed that even a smooth Brexit could result in interest rate cuts in the UK. The suggestion follows comments made by Michael Saunders, who is a member of the Monetary Policy Committee (MPC) at the Bank of England.

He pointed out that avoiding a no-deal Brexit could result in monetary policy that “could go either way” Saunders went on to confirm that it is “quite plausible” that the next movement seen on the rate could be down rather than upwards. 

UK Unemployment Figures Rose in August

The UK’s latest unemployment statistics revealed that the number of people out of work grew during the last quarter. In fact, the increase in the number of unemployed was higher than had been seen for four years and more than had been anticipated. What are the different factors behind this?

The Overall Numbers

Unemployment rose by 22,000 in the three months leading up to August. This brought the country’s total up to 1.31 million.

The US-China Trade War Truce Leaves Uncertainty in the Air

The recently announced deal between the US and China hasn’t cleared up the uncertainty that has plagued the global economy lately.

The trade truce has helped to lower tensions for the moment. However, the battle between the world’s two biggest economies still lingers on. What is the current situation and what changes can we expect to see in the future?

What Is the Deal?

Chinese Economic Growth Set to Slow Down in 2020

A report from the International Monetary Fund (IMF) suggests that the Chinese economy will grow less next year than it has done in 2019. The information came in the IMF’s World Economic Outlook report.

A Look at the Figures

The report pointed out that Chinese economic growth in 2020 could reach 5.8%. This compares to the 6.1% that is forecast for the current year. In 2018, the rate was 6.6%, according to IMF figures.

The CBI Warns of Post-Brexit Economic Problems

The Confederation of British Industry (CBI) has published the results of their quarterly Industrial Trends Survey, which looks ahead to the post-Brexit economy. The results are downbeat, with lower investment in manufacturing among the main issues highlighted.
If we add in the latest reports of business insolvencies and profit warnings, it could mean a more challenging post-Brexit period than had been expected.
What Did the CBI Survey Reveal About Investment?

US Interest Rates Could Be Cut Again This Week

It has been widely predicted that the US economy could be boosted by another interest rate cut this week. It currently sits at 1.75pc. What are the chances of this happening and what could happen after it is ratified?

The Overall Situation

Some economists suggest that the American economy has a one in three chance of entering into a period of recession. The long-running trade war with China and dropping output levels have raised concerns that the world’s largest economy is in trouble.