New revised GDP data show better-than-expected economic growth in fourth quarter 2023, but real-time GDP estimates for first quarter 2024 dropped sharply.
The government says the country’s lowest paid workers should get a rise in line with the CPI indicator, which went up 3.4 percent in the 12 months to January.
The Reserve Bank says households are surviving its repeated interest rate rises, but three percent of owner occupiers are now in a serious financial trouble.