Aussie economy’s major breakthrough
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
The Treasurer has urged “confidence, not complacency” ahead of Wednesday’s new inflation data, which could lead the RBA into its first rate cut since 2020.
The Prime Minister says his government has “done all it can” to tame inflation to allow the RBA to cut rates and deliver households much needed relief.
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Inflation figures have continued their trend down, but not in a way that will help mortgage holders any time soon.
Original URL: https://www.couriermail.com.au/business/economy/interest-rates/page/15