Thu, 5th Dec 2024

In this week's edition of the Finance News Wrap, we discuss the falling Australian dollar, which has hit a six-month low due to the strength of the U.S. dollar and DXY index. Economists predict growth and inflation slowdowns for the coming year, provoking mixed opinions about potential rebounds and potential global impacts. In corporate news, AMP is undergoing a significant transformation, rebranding AMP Advice and Financial Planning under CEO Matt Lawler as part of a larger adviser-centric strategy. Meanwhile, the Reserve Bank of New Zealand plans to reduce their official cash rate, setting the stage for the country's economic future. Lastly, the Reserve Bank of Australia is slated for an overhaul, separating into governance and economic policy boards, which sparks debates regarding political interference and effectiveness.