Fri, November 29, 2024
[ Fri, Nov 29th 2024 ]: Brian Stokes
Lower interest rates, richer households: Just add a dash of competition
[ Fri, Nov 29th 2024 ]: Brian Stokes
Kennedy's Inheritance: How Addiction and Trauma Shaped a Turbulent Life
[ Fri, Nov 29th 2024 ]: Brian Stokes
Politics latest: Landmark assisted dying debate under way, with result of vote uncertain
[ Fri, Nov 29th 2024 ]: Brian Stokes
Japan PM Ishiba aims to form broad consensus as leader of minority government
[ Fri, Nov 29th 2024 ]: Brian Stokes
Actress Silvia Pinal, legend of Mexican film and television, dies at 93
[ Fri, Nov 29th 2024 ]: Brian Stokes
Transport secretary Louise Haigh quits over phone offence
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Who is Louise Haigh, as the transport secretary quits over phone offence?
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Global Hot List: The nine most important elections of 2024
[ Fri, Nov 29th 2024 ]: Brian Stokes
Nigeria: To Achieve Meaningful Change in Nigeria, You Need to Seek Political Power - Osinbajo
[ Fri, Nov 29th 2024 ]: Brian Stokes
Georgia suspends talks on joining the European Union and accuses the bloc of blackmail
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Birmingham was a failed moderate who leaves a legacy of rolling over and letting the right win
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Politics latest: Top Tory says it's a 'day of sha .. rty - as PM condemns 'shocking' migration figures
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Nelson Mayor Nick Smith on why he suggested Linds .. ngton City Council's Crown observer- On the Tiles
[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
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[ Fri, Nov 29th 2024 ]: Brian Stokes
Chinese journalist and former Harvard fellow sentenced to 7 years
[ Fri, Nov 29th 2024 ]: Brian Stokes
Politics latest: Starmer holding news conference .. nnounced with Iraq to tackle small boat crossings
Thu, November 28, 2024
[ Thu, Nov 28th 2024 ]: Brian Stokes
Farmers hold rally at Holyrood over funding and tax
[ Thu, Nov 28th 2024 ]: Brian Stokes
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[ Thu, Nov 28th 2024 ]: Brian Stokes
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[ Thu, Nov 28th 2024 ]: Brian Stokes
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[ Thu, Nov 28th 2024 ]: Brian Stokes
The general election campaign is over and it's time to face the music
[ Thu, Nov 28th 2024 ]: Brian Stokes
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[ Thu, Nov 28th 2024 ]: Brian Stokes
SWAPO's drop in polls - could this be a death knell to struggle politics?

Lower interest rates, richer households: Just add a dash of competition

The article from The Sydney Morning Herald discusses the economic implications of lower interest rates in Australia, particularly focusing on how these rates benefit richer households more than others. It highlights that while lower interest rates are intended to stimulate economic activity, they disproportionately advantage those with significant assets, like property, as their borrowing costs decrease, thereby increasing their disposable income. The piece also touches on the lack of competition in the banking sector, which has been criticized for not passing on the full benefits of rate cuts to consumers. This situation exacerbates wealth inequality, as wealthier individuals can leverage lower rates to invest further, while those with less wealth see minimal benefits. The article suggests that increasing competition among banks could help distribute the benefits of lower rates more equitably across different income groups. Additionally, it mentions the government's and the Reserve Bank of Australia's (RBA) ongoing efforts to address these disparities through policy measures and potential reforms in the financial sector.

Read the Full Sydney Morning Herald Article at [ https://www.smh.com.au/politics/federal/lower-interest-rates-richer-households-just-add-a-dash-of-competition-20241129-p5kukt.html ]