Recommended Home Equity Loans You Should Know About
Rate of Interest Getting Higher
By Petra Amelia on October 3rd, 2007
(1 votes, average: 5 out of 5)
Loading ...The monthly index measuring the manufacturing sector’s performance showed that growth is slowing as a strong Aussie reduces the competitiveness of local producers. Australian Industry Group chief executive Heather Ridout said a high Aussie dollar could spark a spate of cost-utting and rationalisation. A Bloomberg survey of 23 economists found an average forecast of a 0.4 per cent rise in August’s sales figures. In August, the RBA increased interest rates by 25 basis points to 6.5 per cent The Aussie fell steeply to a low of US88.09 before recovering some of its lost ground after investors sold out, signalling the currency’s 8 per cent rise in the past month may have been too swift.
Read this entire article on news.com.au
You can skip to the end and leave a comment. Pinging is currently not allowed.
RSS 2.0
Leave a comment
You must be logged in to post a comment.