The upcoming rate cut on Tuesday is expected to provide relief for homeowners, who recently paid $20 billion in mortgage interest, while the Reserve Bank’s earlier cut indicated a shift towards looser monetary policy. Despite low unemployment at 4.1%, Australia’s prolonged inflation issues have led to declining living standards, prompting calls for increased productivity. The newly re-elected Albanese Government, under Treasurer Jim Chalmers, aims to address this productivity crisis through regulatory reform while maintaining a focus on inflation management.
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AirAsia flight circles Rottnest Island after experiencing ‘engine issues’ during take-off from Perth Airport
An AirAsia flight QZ545 from Perth to Bali was forced to return shortly after take-off due to engine issues, circling Rottnest Island before landing back at the airport about an hour later. Passengers were rebooked on flights scheduled for 3:30 AM and 6:30 AM the following day, with AirAsia yet to comment on the incident. Want More Context? 🔎
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