Editorial: Inflation tamed, we must sort productivity slump

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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