RBA rated likely to pause rate hikes after surprise dip | Today Show Australia

By TODAY

Community Score: 50% | 6.4K views | 2d

0 community ratings: null thumbs up, null thumbs down

A surprise drop in inflation has brought fresh hope to struggling mortgage holders across Australia, but significant structural dark clouds continue to hang over the domestic economy. In this comprehensive panel discussion from Channel 9's Today show, host Karl Stefanovic is joined by federal politics reporter Amalee Saunders, Deputy Liberal Leader Jane Hume, and personal finance expert Joel Gibson to dissect the latest numbers from the Australian Bureau of Statistics (ABS) and what they mean for your wallet. The latest economic data reveals headline inflation has fallen from 4.6% to 4.2%, a much sharper drop than the 4.4% consensus anticipated by financial markets. Amalee Saunders notes that a major catalyst for this drop was the recent cut to the fuel excise, which slashed retail fuel taxes by 32 cents per litre. However, finance expert Joel Gibson warns this relief could be temporary, as the tax cut is scheduled to expire next month, risking a sharp rebound in petrol prices. Furthe

Tags: TODAY, Todayshowaustralia, australianews, karl, karlandally, karlandsarah, karlfunny, karlstefanovic, karltoday, morningnewsaustralia, sarahabo, todayaustralia, todayshowfunny, Australian inflation rate, Reserve Bank of Australia, RBA interest rate pause, Jim Chalmers budget, Anthony Albanese tax changes, Amalee Saunders, Jane Hume Liberal