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All change: Reserve Bank appoints female deputy governor
The Reserve Bank of Australia has its first female deputy governor in its 62-year history, Michele Bullock, who replaces the retiring Guy Debelle.
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The Reserve Bank of Australia has its first female deputy governor in its 62-year history, Michele Bullock, who replaces the retiring Guy Debelle.
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Annual wages grew to their highest level since mid-2019 last year, but at 2.3 per cent it was still way behind the rate of inflation.
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Credit card spending reached record levels in November, but Reserve Bank figures show using cash is also on the rise, dispelling the myth that Australia is moving towards a cashless society.
A spike in the unemployment rate and renewed worries over the inflation outlook have put a dent in consumer confidence.
Banks and other financial institutions will now have to display statistics on their websites of the reliability of the services they provide to households and business.
Two-thirds of Australians believe a full one percentage point rise in interest rates would put pressure on their financial position.
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