The June quarter consumer price index report for Australia was released today and the headline number rose +0.4% q/q for the June quarter which took the annual rate down to its lowest level in 18 years at 1.0% (relative to +1.3% y/y in March).
A long-running class action over credit card fees at one of Australia's biggest banks was dismissed Wednesday by the nation's highest court, dealing a blow to customers who hoped to recoup millions of dollars.
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