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Economy on edge despite interest rate pause

Australia Economy

Workers walk past the Reserve Bank of Australia building in Sydney. Source: AP / Rick Rycroft

The federal government says it will not introduce new cost of living measures, despite a $19 billion budget surplus. Meanwhile, the decision to pause interest rates isn't expected to provide much relief to struggling households, as the cash rate remains at the highest level in 11 years.


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By Lucy Murray, Ciara Hain

Source: SBS News



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The federal government says it will not introduce new cost of living measures, despite a $19 billion budget surplus. Meanwhile, the decision to pause interest rates isn't expected to provide much relief to struggling households, as the cash rate remains at the highest level in 11 years.


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