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| | | The European Central Bank (ECB) dropped interest rates to 3.5%, the second time it's cut by 0.25% this year. The bank lowered rates on the back of inflation data that met its outlook. It anticipates headline inflation to average 2.5% in 2024, 2.2% in ... |
| | | | ... "Today's figures will come as no surprise to many Australians who are already battling through recession-like conditions. Household consumption has fallen in the past three months despite still strong population growth, real retail spending has gone ... |
| | | | ... about it," Treasurer Jim Chalmers said. "We're already rolling out tax cuts for every taxpayer, energy rebates for every household and a million small businesses, and a wage rise for minimum wage earners and more help is on the way from this month." ... |
| | | | On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ... |
| | | | ... CEDA found that Australia is over-reliant on a narrowing and inefficient tax base. In addition, the-housing-price-to-household-income ratio has doubled since the 1990s and is currently around 5.5, and tenure security for renters is equal-lowest among ... |
| | | | ... be on the horizon, with many believing the US central bank will need to cut rates. In Australia, the monthly CommBank Household Spending Insights (HIS) Index, Commonwealth Bank (CBA) revealed household spending in July was flat (unchanged at 148.2) ... |
| | | | ... the Consumer Price Index's 1%. "This is the first time since December 2010 that increases in living costs for all household types were higher than the increase in the CPI," Marquardt said. Insurance and financial services, such as mortgage interest ... |
| | | | ... "Australian households are generally net savers, as evidenced by a positive savings rate on average over time. As such, total household savings are almost always on an upward trend," CBA head of Australian economics Gareth Aird said. However, Aird said ... |
| | | | Living costs have risen for all Australian household types in the June quarter, according to data from the Australian Bureau of Statistics (ABS). ABS head of prices statistics Michelle Marquardt said increases in living costs in the June quarter ranged ... |
| | | | The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what ... |
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