Australians would be $3,000 better off if competition hadn’t declined over the past decade, a study by the Reserve Bank has found.
Following last month’s shock hold, find out here if the board has decided to raise, hold, or cut interest rates at its second meeting of the new financial year.
Liberal senator Andrew Bragg has called an ACTU proposal to restrict negative gearing and the capital gains tax discount to one property “absolute garbage.”
The central bank has shrugged off June’s rise in employment, saying the figures align with its forecasts.
The central bank's July meeting minutes revealed that a sense of caution and desire to wait for more economic data underpinned its shock decision to hold interest rates.
Small businesses will have to continue holding out for relief from persistent inflation pressures and rising operational costs following the central bank’s surprise interest rate hold.
Economists predicted that the Reserve Bank of Australia would cut rates today. Find out here if the board has decided to raise, hold, or cut interest rates at its first meeting of the new financial year. ...
