Westpac CEO believes Australia now pulling out of cost of-living crisis

Anthony Miller says worst of inflation-induced pressure on borrowers is easing, while framing Labor re-election an ‘enormous positive’Australian federal election news LIVE – latest results and updatesLive results: federal election votes tracker, electorates map and seat countsSee our full coverage of the Australian electionGet our breaking news email, free app or daily news podcastWestpac’s chief executive believes Australia may be recovering from the depths of the cost-of-living crisis and has hailed the re-election of the Albanese government as an “enormous positive” for the country.Anthony Miller said on Monday the worst of the inflation-induced pressure on borrowers was easing, as the share of customers falling behind on repayments fell.Sign up for Guardian Australia’s breaking news email Continue reading...

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