As global economies ease financial pressures by cutting interest rates, the question arises: why is our region holding firm? The rest of the world is leveraging lower rates to stimulate growth, boost consumer spending, and soften the impact of economic slowdowns. This widespread approach aims to foster investment and support businesses amid uncertain times. However, our local policymakers remain cautious, potentially fearing inflationary pressures or financial instability. By not aligning with the global trend, we may miss out on opportunities to invigorate our economy, attract investment, and provide relief to businesses and consumers.

To read news in detail: https://www.smh.com.au/business/the-economy/the-rest-of-the-world-is-cutting-interest-rates-so-why-aren-t-we-20240905-p5k81y.html