Local economic news Home loans fell more than expected, month on month, and investment lending dropped for December, according to fresh data released by the ABS today. Meantime, the RBA is forecasting economic growth to improve, with GDP tipped to grow to 2.75 per cent for the year ending June 2018. It's expecting the unemployment rate will drop to 5.25 per cent from 5.5 per cent and CPI or inflation to lift to 2 per cent but remain low. All this was released in the monetary policy statement. Company news now Telstra (ASX:TLS) could potentially end up in the Supreme Court of NSW with a small business-to-business mobile provider, Impelus (ASX:IMS) trying to prevent Telstra from ending its carrier billing services. It comes as Telstra previously advised it would stop providing the small ASX company with direct carrier billing services from 2 March 2018. Shares in Telstra (ASX:TLS) are trading 1.83 per cent lower at $3.50.