Bloomberg Australia’s central bank said it considered three options for the size of its first interest-rate increase since 2010, according to minutes of its May 3 policy meeting, when it raised the cash rate by 25 basis points. The board agreed that hiking by 15 basis points, as forecast by most economists, didn’t make sense given policy was very …

  Bloomberg Americans are putting more on their credit cards and taking out fewer mortgages, as they need to increasingly borrow to cover the higher cost of everyday essentials and respond to rising interest rates. A record 537 million credit card accounts were opened in first quarter, a jump of 31 million over the past year, according to the Federal …

  Bloomberg Uruguay’s central bank increased its benchmark interest rate to 9.25% and signalled borrowing costs will keep rising as monetary policy turns contractive to fight inflation. Policy makers raised the key rate by three quarters of a percentage point, and forecast at least two more increases of half a percentage point at its next meetings. The move came on …