The official measure of inflation,at 2.8 per cent,should force a cut in interest rates. But the Reserve Bank is tracking its own inflation measure.
Nervous government backbenchers looking for budget handouts have been warned by Treasurer Jim Chalmers there will not be a pre-election cash splash.
The Reserve Bank is facing a sea of red ink that will affect its operation and the federal budget bottom line for years.
Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.
Central banks have created their own measures of inflation. But new research shows their metrics are missing the real price increases experienced by ordinary shoppers.
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At the bank’s annual shareholder meeting,executives highlighted the uptick in customer hardship across the banking industry.
Dodgy practices aimed at parting shoppers from their money will soon be banned under a government plan to bolster consumer protections.
Consumers’ anger with debit card surcharges has been growing for months. The government says it is prepared to ban them.
The Reserve Bank and governments pumped hundreds of billions of dollars into the economy to deal with Covid. We are still counting the cost.
Savers beware:some analysts think that when interest rates fall,banks will try to cut rates on savings accounts by more than the RBA’s reductions.