The Reserve Bank of Australia cut interest rates to a record low of 1% The central bank also cut interest rates by 25 points last month, when the rate cut was the first rate cut since 2012. The market has already predicted today’s interest rate cuts, and it has been estimated that about 80% of…
Economists say reducing personal income taxes and further rate cuts that the central bank is about to pass will help boost the sluggish economy. After the increase in income, consumers will increase consumption before Christmas. According to data from the Commonwealth Bank, income tax cuts and the central bank cut the official cash rate twice…
The Australian Council of Trade Unions said recently that preventing the cuts of thousands of workers on Sunday’s Penalty Rate will help boost the Australian economy. SBS reported on July 1 that it is reported that about 700,000 employees in the retail, fast food, hotel and pharmaceutical industries will be cut off on Sunday. In…
Victorian union leader John Setka faces the expulsion from the Labour Party, but he will get more time to defend his actions. Federal Labor Party leader Anthony Albanese said the construction worker wrote a letter to the top of the Labor Party on Friday asking for an extension. Albanese wants to expel the Victorian CFMEU…
Former NSW Governor David Hurley will be sworn in as the next Governor of Australia to succeed Sir Peter Cosgrove. Mr. Hurley served as the NSW Governor from 2014 to the beginning of this year. But before he was in the army for more than 40 years, he also served as the Minister of Defense.…
From July 1st, lenders will have more knowledge of loan applicants, and banks will be able to get more information about lenders. Full implementation of the comprehensive credit report next month means that everyone’s credit score may change. For lenders, this will change the loan rules, but some experts say that risks and returns coexist.…
Peter Dutton disclosed that he had given up the financial benefits of almost disqualifying him before the election because he refused to allow the High Court to decide on his membership. The news that the Minister of the Interior gave up the relevant economy was accompanied by Turnerburd’s threat to use Darden’s unconstitutional suspicion to…
Skyris’s business reporter Chris Kohler said Australia’s rating agencies believe that the central bank’s chances of cutting interest rates will be great when the central bank’s board of directors meets next Tuesday. They estimate that there is an 80% chance that the Reserve Bank of Australia will cut interest rates. In early June this year,…
As important independent lawmakers announce “we can reach an agreement” and the government is preparing to announce a major energy policy, the coalition party is at an important juncture to ensure that its 158 billion tax cuts are passed. Central Alliance Senator Rex Patrick said the tax cuts could vote as soon as possible at…
It is reported that the Labor Party officially announced that it will not support the Morrisan government’s entire tax relief plan worth 158 billion yuan. Before the shadow cabinet made this decision, the Labour Party debated the position of the policy for several weeks. The Labor Party has been asking the Federalist government to split…