Australians having a rough time dealing with rising costs will heap a sigh of relief in 2025 as Canstar said that major banks such as Westpac, NAB, ANZ, and Commonwealth Bank of Australia (CBA) are expected to lower their cash rates from February to May, which will help borrowers save big. It is projected that … Read more
Australia’s unemployment rate held steady at 4.1% in October, even as experts voiced concerns that the employment growth progression slowed dramatically, compared to previous months. The Australian Bureau of Statistics revealed that the number of people with full-time jobs increased by 9,700 last month, while the part-time rose by by 6,200, taking the total growth … Read more
Government subsidies on electricity bills and cheaper petrol have led to a cooling down of Australia’s consumer price inflation to a three-year low. Inflation decreased to 2.7% in August from 3.5% in July, the Australian Bureau of Statistics revealed on Wednesday. Bond prices were mostly unchanged, and the Australian dollar stayed stable at $0.6891. Market … Read more
