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Australian news and politics live: Building productivity sinking like a brick, report calls for code shake-up

The article from The Nightly discusses the anticipation surrounding the Reserve Bank of Australia's (RBA) upcoming interest rate decision. There is a strong expectation among economists and market watchers that the RBA might cut interest rates to stimulate economic activity amidst signs of slowing growth and persistent inflation concerns. The article highlights the economic indicators influencing this decision, including recent employment data, consumer spending, and global economic pressures. Additionally, it mentions the potential impacts of a rate cut on mortgage holders, businesses, and the broader economy, with some experts suggesting that a cut could provide much-needed relief but also cautioning about the long-term effects on inflation and economic stability. The RBA's decision is seen as pivotal in setting the tone for economic policy in the near future.

Read the Full thenightly Article at:
[ https://thenightly.com.au/australia/australian-news-and-politics-live-interest-rate-cut-hopes-high-as-rba-announcement-looms-c-17745920 ]