Business conditions are easing and housing approvals are down almost 20 per cent | The Canberra Times
Confidence among retailers dips, housing approvals drop.
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Confidence among retailers dips, housing approvals drop.
Forecasts of how far Melbourne house prices would fall from the nation’s biggest banks and property data agencies have been well off. And there’s one key reason why.
Newly released data shows living costs are at a record high, consumers are spending less, and businesses have been shrinking for a year - a day after the Reserve Bank of Australia controversially raised interest rates to 3.85 percent.
A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday surprised markets by increasing its benchmark interest rate by a quarter percentage poi