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November 4, 2025
Euro traded at 1.1489 against USD at 9:00 AM PST
Spain's unemployment increased sharply in October. The number of registered unemployed increased by 22,101 in October from the previous month. However, unemployment totaled 2.44 million, the lowest for October since 2007.
By sector, unemployment decreased by 2,121 in construction. Meanwhile, unemployment increased by 18,496 in the services sector and by 1,148 in the industry sector. Agriculture reported a rise of 1,270. Further, unemployment among young people aged below 25 increased by 10,082 people in October compared to September. The total number of youth unemployed was 193,798, the lowest in the historical series for October. 11/04/2025 - 03:53:00 (RTTNews)
The Reserve Bank of Australia maintained its key interest rate as the full effects of earlier rate cuts are yet to be felt, and policymakers became cautious after data showed evidence of more persistent inflation. The policy board, governed by Michele Bullock, decided to hold the cash rate at 3.60% on Tuesday. The bank had reduced the rate by 25 basis points each in August, May, and February. The current 3.6% is the lowest since March 2023.
Policymakers observed that some inflationary pressure may remain in the economy. "With private demand recovering and labor market conditions still appearing a little tight, the Board decided that it was appropriate to maintain the cash rate at its current level at this meeting," the bank said.
Further, the Board judged it was appropriate to remain cautious, updating its view of the outlook as the data evolved. In the statement on monetary policy, the bank said underlying inflation is set to be above the 2-3% range until the second half of 2026, reflecting the strong September quarter outcome.
Headline inflation is forecast to remain above 3% for much of 2026, before returning to be a little above the mid-point of the target range, the bank said. GDP growth is projected to stabilize around the economy's potential growth rate. 11/04/2025 - 01:36:00 (RTTNews)
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