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Surveying Australia’s Banking Sector
Watchers of the night sky in Australia can enjoy views of the Southern Cross, Centaurus and Sagittarius — constellations that are hard, if not impossible, to see from the Northern Hemisphere. Observers who cast their gaze toward the country’s economic growth, interest rates and financial sector will find a more familiar pattern on the horizon. As with other developed economies, Australia has endured inflation and weak economic growth since the reopening of its economy from lockdowns amid the COVID-19 pandemic. Like elsewhere, this has been accompanied by higher-for-longer interest rates. In November, the Reserve ... (full story)