Australia s gross government debt is set to climb past $1trillion by 2024. Despite that, government departments are running up big bills for diversity training, catering and Ubers.
Australia s biggest lenders are now all expecting the Reserve Bank to raise rates multiple times in 2022 and 2023. The experts fear mortgage rates will increase by more than the cash rate rise.
Westpac, Australia s second biggest bank, has updated its forecasts to have the Reserve Bank raising interest rates in June, instead of August as previously predicted.
what did you make, sebastien, of the fact that the papers reported that he has banked this money effectively as a sweetener, pre election? this as a sweetener, pre-election? this is a classic as a sweetener, pre election? this is a classic cautionary treasury budget is a classic cautionary treasury budget that we have seen because we know there budget that we have seen because we know there is a cost of living crisis know there is a cost of living crisis and know there is a cost of living crisis and inflation is increasing and some crisis and inflation is increasing and some of the numbers from the budget and some of the numbers from the budget of and some of the numbers from the budget of responsibility, which sets out the budget of responsibility, which sets out the economic picture for the next out the economic picture for the next couple of years are truly terrifying next couple of years are truly terrifying and in a worst case scenario, they suggest that today in
Home borrowers are in for a tough year with 88 per cent of economists now expecting the Reserve Bank of Australia to raise interest rates in 2022. Elevated inflation is occurring as job ads soar.