Sun, 9th Mar 2025

In this episode of Weekly Finance News Wrap, Paige Estritori discusses key financial events in Australia. Andrew Hauser, Deputy Governor of the Reserve Bank of Australia, defends a recent rate cut from 4.35% to 4.10%. Despite inflation criticisms, a balanced strategy is reported, considering global trends and economic indicators. The rate cut has positively affected the Australian housing market, with a 0.3% increase in the dwelling values index. Australian Prime Minister, Anthony Albanese, denies utilizing negative gearing despite owning a property worth $4 million. Additionally, former RBA governor, Philip Lowe argues that stagnant productivity, not high rates, is the main issue behind the country's cost of living challenges. These stories and more developments shaping Australia's financial landscape are detailed.