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News from Reserve Bank
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Taxes · AustraliaRoyMorgan report says stage-three tax cuts should ease burden unless jobs market falters or Reserve Bank raises interest rates againFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastTax cuts starting this month should start to reduce the number of Australian households facing mortgage stress provided the jobs market holds up and the Reserve Bank doesn’t hit them with hi…See the Story
Mortgage stress rose in June with 1m Australian households ‘extremely at risk’, report says
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Inflation · IndiaReserve Bank Governor Shaktikanta Das emphasized the need for monetary policy to unequivocally prioritize inflation control, especially in the current economic environment marked by steady growth. Despite calls for rate cuts to stimulate economic expansion, Das underscored that theoretical concepts like neutral interest rates lack real-world applicability in policy decisions.See the Story
With growth steady, policy has to focus 'clearly & unambiguously' on inflation: RBI Governor Shaktikanta Das
Emmanuel MacronThe Democratic Alliance (DA) in Tshwane has dismissed the African National Congress (ANC)’s plan to table a motion of no confidence against Mayor Cilliers Brink. The party says it’s a move driven by business interests rather than concerns about service delivery. The ANC says the City’s deterioration under Brink’s leadership warrants his removal. But the DA says this is a threat by ANC leaders, allegedly linked to a waste contract. The City of Ts…See the Story