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16 May 2024 Patricia Karvelas Before Tuesday’s federal budget, the big four banks were predicting interest rates to start falling before the end of the year. But in response to what they say is expansionary spending, including tax cuts and billions for renewable energy infrastructure, some economists are changing their tune. Treasurer Jim Chalmers has… Read more »
The ABA welcomes the 2024-25 Federal Budget and its focus on further strengthening the safety of our financial system.
The Australian Banking Association (ABA) welcomes tonight’s Federal Budget saying it places a significant focus on customer safety.
The RBA continues to address the nation’s inflation challenge with today’s 0.25% increase.
“the Government has laid the foundations to put Australia on a solid footing, whilst continuing support for important initiatives.”
“Australian banks partnered with the Government throughout the pandemic. With this solid mix of investment and support for households and businesses, that collaboration is set to continue”