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The Morrison Government has announced that its will once again cut the Aged Pension deeming rate in response to the reduction in the RBA official cash rate:
Treasurer Josh Frydenberg said the interest rate cut… had a downside for retirees.
“I understand it is also very difficult for savers … we are now having another look at the deeming rate.”…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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