Rate cut on cards to boost economy even as budget strengthens

  • 📰 theage
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Australia Headlines News

Australia Latest News,Australia Headlines

Interest rates could be cut to 0.75 per cent within a fortnight as unemployment ticks up and the economy struggles to shake itself out of its rut auspol

Interest rates could be cut to 0.75 per cent within a fortnight as unemployment ticks up and the economy struggles to shake itself out of its rut, despite the Morrison government delivering the best budget bottom line in a decade.

Despite the 0.1 percentage point monthly rise in the jobless rate, strong overall employment growth and tax receipts throughout 2018-19 took the federal budget to aCompany tax receipts, buoyed by sky-rocketing iron ore prices, reached a record high of $94.7 billion, $3.5 billion better than forecast when the budget was released in May last year, while income tax collections hit a record $228.4 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm waiting until they pay me to get a loan

I was told by Frydenberg yesterday economy is strong He has a plan and it's working Someone is misleading us ? You ? Him ? What's the truth?

But, the surplus!, the surplus!!, the surplus

John25872967

Shit govt asleep at the wheel.

Giants rorted by the tribunal with an ex Collingwood player on the panel the wk before in the pies change room celebrating giants should be livid cheats do prosper

An ex Collingwood player sits on the judical panel that suspended Toby green guess who the giants play next the pies green hung out to dry rorted if your from Sydney no hope your an outsider not in the inner sanctum done like a kipper was Toby green

The Australian economy stagnating is directly correlated to conservative government policies. They give more to the rich and less to the poor, and never ask why trickle down economics still don't work.

Ah !! That surplus at all costs, not the Holy Grail that Josh and Scoot thought it would be. Watch out for a 'crash'.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Federal Reserve cuts interest rate for second time this yearThe US Federal Reserve cuts its benchmark interest rate by a quarter of a percentage point for the second time this year.
Source: abcnews - 🏆 5. / 83 Read more »

Unemployment grinds up to the highest level in more than a year at 5.3pcThe jobless rate has taken another step further away from full employment and, with forward indicators continuing to weaken, it is putting more pressure on the RBA to cut interest rates again. But, we're heading for a surplus! How good is that!! auspol economy employment I blame the slowdown on all of the climate doom cultists polluting our socioeconomic gestalt with nihilism & anti-business fervour. People spend more & are more productive at work if they are full of hope & ambition, rather than having confected fear & dread inflicted on them. 🦉 should ask SenatorCash & BOConnorMP why the Federal Government use the misery of unemployment as an economic buffer stock (NAIRU) when it could use the superior buffer stock of full employment (NAIBER) This explains! auspol FinancialReview
Source: abcnews - 🏆 5. / 83 Read more »

US Federal Reserve cuts interest rate for second time this yearThe US Federal Reserve cuts its benchmark interest rate by a quarter of a percentage point for the second time this year.
Source: abcnews - 🏆 5. / 83 Read more »

Retail sales are surging — or are they? Two of the big banks have very different viewsIt is one of the big questions hovering over the Australian economy: has the combined impact of lower borrowing costs and tax cuts loosened consumers' purses strings?
Source: abcnews - 🏆 5. / 83 Read more »

Wall Street lifts on tumbling oil prices; ASX to riseAustralian shares are likely to open cautiously higher as oil prices fell sharply and the United States is widely-expected to cut its benchmark interest rate tomorrow.
Source: abcnews - 🏆 5. / 83 Read more »

Climate change can help sales, says clothing retailer KathmanduOutdoor apparel retailer Kathmandu has said unexpected extreme weather events caused by climate change have boosted its sales. domp this is akin to the views were better on the bow of the titanic as she sank. domp 1919 mindest vs. 2019 mindest. cc mcschadenfreude domp Hahahahahaha, 'climatechange'....... yes..... when it's hot sell things for hot weather........when it's cold sell things for cold weather....... make money from ClimateChangeIsReal hoax
Source: smh - 🏆 6. / 80 Read more »