Mon, 10th Mar 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode of 'Weekly Finance News Wrap', host Paige Estritori discusses key financial updates affecting Australia. The Reserve Bank of Australia justifies its cash rate cut from 4.35% to 4.10% despite inflation fears. Subsequently, there's a revival in the housing market with a 0.3% rise in dwelling values, and a 2.3% increase in property listings. With the possibility of further rate cuts, economists predict rates might drop to 3.35% boosting the housing market. Prime Minister Anthony Albanese rejected rumors about using negative gearing, a development that might influence future policy debates. Former RBA Governor, Philip Lowe argues stagnant productivity is the main cause of living expense problems rather than high interest rates. Lastly, the Australian Government emphasizes responsible fiscal management ahead of its budget release. Join us next time for more financial updates.n
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