Good morning, early birds. The Reserve Bank has called on the government to boost the struggling economy, and Labor is pursuing Senate amendments to the Coalition's tax cuts after supporting them in the lower house. It's the news you need to know, with Rachel Withers.
The Reserve Bank declined to cut rates yesterday but flagged that unless unemployment falls, monetary policy will ease.
A key constraint on further interest rate cuts has vanished as property prices soften in Sydney and Melbourne.
As the world's economies struggle to cope with falling oil prices, what will Australia's central bank decide to do?
Despite the interest rate cut, what the property market most needs is a good dose of confidence. So where, asks property guru Michael Matusik, will that come from?