RBA Rate Cut Predictions and Social Security’s Future: A Financial Forecast

Explore the diverging predictions of Australia's major banks on the RBA's interest rate decision and its implications for mortgage holders. Delve into the future of Social Security as the OASI Trust Fund faces potential depletion by 2033, prompting urgent calls for reform. Plus, Ant Group's leadership change marks a new era in China's digital payment landscape, and Dudley Council's financial strategies offer insights into local governance challenges. Stay informed on these pivotal financial stories shaping the economic landscape.

Sources:
https://au.finance.yahoo.com/news/major-banks-rba-interest-rate-cut-predictions-days-before-crucial-2024-call-for-struggling-mortgage-holders-190020347.html
https://www.marca.com/en/lifestyle/us-news/personal-finance/2024/12/07/6754274446163f2fb38b458a.html
https://www.scmp.com/business/banking-finance/article/3289856/ant-group-promotes-finance-chief-cryril-han-ceo-alipay-owner-marks-20-year-milestone
https://www.bbc.com/news/articles/c9q77v1xvdwo

Outline:
(00:00:00) Introduction
(00:00:44) Major banks RBA interest rate cut predictions days before crucial 2024 call
(00:03:53) What are Social Security's trust funds? Is program's financing in trouble?
(00:06:46) Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone
(00:10:25) Dudley Council finances have 'stepped away from the edge'