What is really driving inflation? & software ...

The Reserve Bank of Australia has increased interest rates for the first time since November 2023, hiking the official cash rate to 3.85%. It says it now expects inflation to remain well above its 2-3% target for longer, leaving the door open for further rate increases. For more ...  Show more

SBS Finance Editor Ricardo Gonçalves speaks with Tim Lawless from Cotality Australia about the future for property prices amid expectations of a rise in interest rates; Phil O'Donaghoe from Deutsche Bank explains why a rate rise tomorrow isn't a done deal; plus Raymond Chan from ...  Show more

The Commonwealth Bank reports a $7.3 billion half year profit, as other corporates feel the impact of COVID-19.  But the market’s reaction to CBA’s result has been interesting.

Also today:

On the first trading day of February Carl Quintanilla, Jim Cramer and David Faber discussed what's ahead for the markets after a January to forget for the bulls. On the earnings front, shares of UPS surged on upbeat results, guidance and a 49% dividend hike -- while Exxon Mobil p ...  Show more

Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations. Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only wo ...  Show more

The IMF hikes its U.S. forecast for 2024 but Germany weighs on the European outlook. The IMF’s Director of the Monetary and Capital Markets department, Tobias Adrian tells CNBC there are reasons for optimism. The S&P 500 suffers its first back-to-back session loss since Se ...