‘No Time To Yield’. That’s Blackrock’s theme for 2024. In other words, what are you waiting for? Hui Sien Koay, says Australians are sitting on too much cash and that when rate cuts come, deposit rates will drop dramatically. Now is the time to switch out of cash and...
Gross Domestic Product (GDP) grew 0.2% in the quarter ending 30 June 2024 and just 1% for the 2023-24 year, the lowest since 1991-92, excluding the pandemic. The ABS attributes the weak growth to subdued household demand propped up by 0.3% government spending, the same rate as the previous...

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