Fading economy yet to unlock rate cuts for watchful RBA
Reserve Bank governor Michele Bullock says it's still premature to be thinking about interest rate cuts as she rams home the dangers of high inflation.
Reserve Bank governor Michele Bullock says it's still premature to be thinking about interest rate cuts as she rams home the dangers of high inflation.
Retailers posted a flat month for sales in July following a few months of stronger spending as budget-constrained consumers made the most of mid-year sales.
Inflation rose to 3.5 per cent in the year to July, which was a decline from the previous period.
Wealth inequality is exacerbated through housing tax breaks geared toward higher income earners while poorer Australians struggle to pay rent, Anglicare says.