The ASX 200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.
The treasurer will host roundtables with banks, investors and philanthropists to try and secure private sector investment for energy, defence and social issues.
Inflation cooled to 4.9 per cent over the 12 months to October, down from the 5.6 per cent growth recorded by the Australian Bureau of Statistics in September.
The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.