The Australian economy has been too reliant on the easy money gains from housing, so a rebalancing could reallocate labour into more productive areas.

Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough t…

The weaker-than-expected rise in underlying inflation suggests the RBA board has more room to breathe after already increasing this cash rate three times this year.