Australia’s latest set of inflation figures have underwhelmed economists, sparking fierce calls for the nation’s central bank to cut interest rates as soon as next month.
Members of Australia’s Reserve Bank Board are strongly considering the prospect of cutting the cash rate should Australia’s economy experience rising unemployment in the absence of rising inflation.
Gone are the days of carelessly stamping home loan application forms without the forensic scrutiny of expenses. Now, banks want to know exactly what you’re spending your money on – right down to your daily morning latte.