Business Spectator - Grim data seen a rate cut clincher
The article contains a review of current economic indicators for Australia. Inflation is sliding lower quickly. The number of job ads fell 5.9% in October, house prices fell 1.8% in the third quarter, and interest rates are all falling down. Retail sales sank 1.1% in September.
The market already priced in the new RBA rate cut, which will be decided tomorrow.
The article contains a review of current economic indicators for Australia. Inflation is sliding lower quickly. The number of job ads fell 5.9% in October, house prices fell 1.8% in the third quarter, and interest rates are all falling down. Retail sales sank 1.1% in September.
The market already priced in the new RBA rate cut, which will be decided tomorrow.
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