Economists will be looking for clues to any Reserve Bank policy change on interest rates amid economic gloom. Follow today’s news liveGet our breaking news email, free app or daily news podcastYesterday’s GDP figures were among the worst for years with only population growth and government spending keeping the economy afloat.With his usual razor-sharp chart-based analysis, Greg Jericho identifies one of the key problems: in the March 2022 quarter, Australians were paying $479 a quarter per person in interest repayments compared with $1,112 now. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/sep/05/australia-news-live-rba-reserve-bank-interest-rates-anthony-albanese-peter-dutton-jim-chalmers-labor-coalition
Author : Martin Farrer
Publish date : 2024-09-04 20:44:28
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Australia news live: RBA governor to give speech amid growing calls to cut interest rates
