外匯市場最新訊息

July 22, 2025

United Kingdom (U.K.) Budget Deficit Exceeds in June

British Pounds traded at 1.3509 against USD at 9:00 AM PST

The U.K. budget deficit widened more in June due to higher debt servicing costs, which have added pressure to raise taxes at the autumn budget. Public sector net borrowing increased by GBP 6.6 billion from the previous year to GBP 20.7 billion in June. Moreover, it was the second-highest borrowing in June since monthly records began in 1993. The interest payable on government debt rose GBP 8.4 billion to GBP 16.4 billion on rising cost of index-linked debt due to the rise in inflation. The current budget deficit, which is borrowing to fund day-to-day public sector activities, was GBP 16.3 billion in June. This was GBP 7.1 billion more than in June 2024.

In the financial year to June, borrowing totaled GBP 57.8 billion, which was GBP 7.5 billion more than in the same three-month period of 2024. At the end of June 2025, public sector net debt excluding public sector banks was provisionally estimated at 96.3% of GDP, up 0.5% of GDP from a year earlier. 07/22/2025 - 07:06:00 (RTTNews)

Reserve Bank of Australia (RBA) Board Says Another Rate Cut Inconsistent with Cautious Stance, Minutes Show

The Reserve Bank of Australia's policymakers said that cutting the interest rate for a third straight time within a four-meeting gap would be inconsistent with the cautious monetary policy stance, according to the minutes of the July monetary policy meeting released on Tuesday. "Lowering the cash rate a third time within the space of four meetings would be unlikely to be consistent with the strategy of easing monetary policy in a cautious and gradual manner to achieve the Board's objective," the minutes said. 

The majority of members said that it would be prudent to wait for confirmation that inflation would sustainably return to target as forecast before easing policy further. They observed that the board will receive more information, including quarterly inflation report, labor market data, and how the global economy evolves, before the next meeting. Meanwhile, a minority of members argued for a rate cut as they placed more weight on downside risks to the economic outlook.

With a majority of 8-3, the board voted to hold the rate at 3.85%. Further, members agreed to improve the effectiveness of the board's communication by disclosing an unattributed record of votes at the July meeting and future meetings. 07/22/2025 - 04:09:00 (RTTNews)