Politics live: ABC calls for One Nation to ‘immediately remove’ Bluey cartoon; RBA says no recession on way

The Reserve Bank of Australia, or RBA, has stated that it does not expect a recession in the country. This is a positive development for the Australian economy, as a recession would likely lead to a decline in consumer spending and business investment. The RBA's statement suggests that the economy remains resilient, which could support the Australian Stock Exchange's All Ordinaries Index and other market indicators.

Why it matters

The RBA has stated that no recession is on the way, which could lead to increased investor confidence. This statement may help to alleviate concerns about the economy and promote a positive outlook.

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