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Latest news with #ChrisBourke

Bloomberg Australia: The Rate Cut That Didn't Happen
Bloomberg Australia: The Rate Cut That Didn't Happen

Bloomberg

time10-07-2025

  • Business
  • Bloomberg

Bloomberg Australia: The Rate Cut That Didn't Happen

The RBA shocked markets this week by keeping interest rates on hold at 3.85%, despite widespread expectations for a third cut in five months. That decision left millions of mortgage holders disappointed and raised new questions about the central bank's strategy as inflation continues to ease. This week on the podcast, Chris Bourke speaks with economy reporter Swati Pandey about why markets misread the RBA, what Governor Bullock's signals mean for future moves, and what could prompt the next cut. They also unpack the impact on housing and how global risks like President Trump's tariff threats are complicating the outlook.

How Australia's New Super Tax Will Hit Retirement Savings
How Australia's New Super Tax Will Hit Retirement Savings

Bloomberg

time13-06-2025

  • Business
  • Bloomberg

How Australia's New Super Tax Will Hit Retirement Savings

Good morning, it's Amy in Melbourne with the news you need heading into the weekend. Officials say that one person miraculously survived yesterday's Air India plane crash that killed 241, but first... Today's must-reads: • Super tax explained • Melbourne billionaires • Aukus in trouble? What does the proposed new tax on A$3 million super balances mean for retirement savers? I teamed up with my colleague Richard Henderson to see how wealth managers are planning for the rule change. Also, take a listen to our latest podcast, where host Chris Bourke asks Rich to unpack how the new tax works, and who will be affected. Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe.

What Australia's $2 Million Pensions Tax Means for Wealthy Savers
What Australia's $2 Million Pensions Tax Means for Wealthy Savers

Bloomberg

time12-06-2025

  • Business
  • Bloomberg

What Australia's $2 Million Pensions Tax Means for Wealthy Savers

Many Australians are already subject to a 15% tax on their superannuation profits, but the wealthiest are facing another levy on top of that. This week on the podcast, Chris Bourke asks cross-asset reporter Richard Henderson to explain how the tax will work, who will be affected, and if Australia's super system is becoming a wealth accumulation vehicle for the rich. Read more on Australia's pension industry: Wall Street Wins More of Australia's $2.7 Trillion Pension Pot Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe.

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