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From abc.net.au

Jim Chalmers confirms deficit in next week's federal budget

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Federal Treasurer Jim Chalmers confirms the brief era of budget surpluses will end next week, when he will hand down a budget in deficit.

#tax #budget #jakeevans #costofliving #monetarypolicy #federalgovernment #federalparliament #governmentandpolitics #economictrendsandindicators

1h ago

From abc.net.au

When will interest rates go down? Banks prepare for RBA's cash rate decision

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The banks are under no obligation to cut their interest rates if the RBA cuts the cash rate. However, given the cost of living is such a big issue at the moment, they would face significant backlash if they didn't pass savings on to customers. 

#banking #monetarypolicy #FinancialMarkets #creditandlending #danniellemaguire #economictrendsandindicators

on Feb 17

From abc.net.au

The once-safe seats where Labor is desperate for an interest rate cut

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Labor has long held these outer-suburban electorates in Australia's mortgage belts. Tomorrow's Reserve Bank interest rate decision will heavily shape the party's hold on them.

#interestrates #monetarypolicy #brettworthington #federalgovernment #governmentandpolitics

on Feb 16

From abc.net.au

Households banking on rate cuts as RBA holds first meeting of year

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Millions of households are hoping financial relief is closer than ever as the RBA meets for the first time this year, where it is widely expected to cut interest rates.

#mortgages #davidtaylor #costofliving #interestrates #monetarypolicy #reservebankofaustralia

on Feb 16