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'

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Westpac'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.

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