Tue, 17th Dec 2024

In this episode, Paige Estritori discusses key financial news in Australia and New Zealand. Highlights include the anticipated festive savings for Australian households despite the high food inflation rate, and coming economic measures that may ease overall living costs. Issues within superannuation arise as the APRA is scrutinized over default insurance settings within super funds and the potential for unfair 'blue-collar' rates. In a major reform, the Reserve Bank of Australia introduces new advisory boards, which is interpreted as a move toward modernizing and improving decision-making. On the international front, New Zealand faces economic uncertainties with reduced GDP, declining retail and manufacturing activity, and job numbers. These conditions may result in another rate cut from the Reserve Bank. For full details, visit the Financial Services Online website.