Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%
On the back of recent concerning data around inflation, the Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%. The decision was in line with market expectations, given that the RBA recently said it would “not hesitate to raise the cash rate further if there is a material upward revision to […]
Cautious Australian consumers cut back on spending in 2023
Revenue is falling in a significant number of industries, based on the latest monthly data from the Australian Bureau of Statistics. Between June and July, revenue fell in seven industry groups: By contrast, revenue rose in six industry groups: Roy Morgan’s consumer confidence index for the week of September 11–17 reported that consumer confidence rose […]
