AUSTRALIA is set to begin winding back its massive pandemic-era stimulus, even as its central bank remains an outlier among peers in sticking with near-zero interest rates. Prime Minister Scott Morrison’s administration funnelled cash to households and firms to cushion the blow of Covid-19, wracking up record budget deficits and government debt in the process. That, combined with the Reserve Bank of Australia’s( RBA) 0.1% cash rate, has spurred consumer spending, hiring and house prices – and no
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2022-03-29 00:00:00.0