Economy

The major bank has come forward with its predictions for interest rate cuts, penning a total of three for 2025.

The September quarter saw household wealth climb yet again across Australia. Trends are showing consistent increases, with deposits on homes seeing a positive rise in response.

SMEs are doing it tough across Australia as the cost of doing business is creating stress. Cash flow remains a persistent issue for owners.

Australia reached a new record high for credit card usage as consumer confidence continues to rise.

The major bank has made its prediction as to what the cash rate will drop to following predicted cuts.

A breakdown of the business landscape across Australia has revealed record-high insolvencies, with things expected to get worse as we enter 2025.

Although spending increased during Black Friday sales, higher interest rates are still dampening a large lift in household spending.

The unemployment rate has dropped through November, showing some signs of stabilisation. Despite this, some believe we’re far from normal.

While the result of the December monetary policy meeting was no surprise, analysts have noted the increased confidence in the RBA’s rhetoric.

Recent data has shown that stunted business turnover is prevalent across the majority of recorded industries, highlighting some struggles in bringing in revenue.