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flag Australia’s strong wage growth may delay rate cuts until 2026, as inflation remains high and banks face scrutiny.

flag Australia’s upcoming wage growth data, expected at 3.4% annually, could delay any interest rate cuts by the Reserve Bank of Australia, with markets now pricing in a 40% chance of a cut likely not before early 2026. flag The RBA held rates steady at 3.6% in October amid persistent inflation at 3.2%, and Governor Michele Bullock’s cautious stance is expected to be reflected in meeting minutes. flag Meanwhile, Australia’s major banks face parliamentary scrutiny over fees, regional access, scams, and AI impacts, while global markets reacted nervously, with Australian shares hitting a near four-month low amid a broader retreat from risk assets.

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