After decades of saving, older Australians are spending up. But the wave of cash is causing headaches for the inflation-fighting treasurer and RBA. Can the good times last?
The Australian and New Zealand
dollars extended gains on Wednesday, buoyed by hopes of more
China market support and a pullback in the greenback, while
stronger-than-expected kiwi jobs data dimmed the.
While Australia s economy has been surprisingly resilient to Reserve Bank of Australia (RBA) rate hikes, inflation remains well above global trends, according to UBS s 2024-2025 local economic outlook.
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