OECD raises UK 2026 growth forecast, cuts inflation outlook on energy support

Oil prices managed to retain their gains as optimism regarding a deal in the Strait of Hormuz dissipated, sparking renewed fears of inflation. Treasury yields increased, and the yen weakened, undoing some of its recent recovery. Asian stocks and futures suffered slight declines, while Australian bonds dropped before an impending policy decision.

Workers at Yancoal Australia mine vote to strike over pay

Banks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with smaller microfinance institutions. Larger microfinance companies are hesitant to borrow under the government’s guarantee program. About one thousand crore rupees went to small and medium-sized microfinance entities.