| Good morning, Australian businesses and households face the prospect of having to wait until next year to see mortgage relief as a growing number of economists warn current conditions won’t give the Reserve Bank room to lower the cash rate before February. Meanwhile, the Chinese Premier’s visit to Australia comes as Beijing is seeking friendlier relationships with Western countries in the face of a possible trade war with the US, UBS senior China economist Ning Zhang says. And the Australian Prudential and Regulation Authority has opened a file on ANZ’s alleged rigging of government borrowing rates, as it mulls whether to hand back a $500m capital penalty to the Melbourne bank, exclusive documents reveal.
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