world-economy

Australia's RBA Holds Rates as Inflation Eases; Mixed Signals Across Other Regions

Australia's central bank kept its key rate unchanged this week, citing gradual disinflation and a loosening labor market. The RBA noted it has time to assess incoming data for signs that upside inflation risks "crystallize." Separately, Mexico's economy bounced back in the second quarter, though inflation ticked above target levels, supporting investor expectations for a rate hold. The Bank of Japan is widely expected to raise its benchmark rate next month, with further increases possible as early as January. In logistics, spot freight activity has rebounded as peak seasonal demand fades, though truck availability remains constrained. FedEx launched a new non-stop freighter service between Guangzhou and Sydney. The route operates five times weekly using Boeing 777 aircraft.