Some more information that would indicate that interest rates have peaked due to slowing down of consumer spending.
From the AFR:
“Commonwealth Bank household spending data shows card spending fell sharply in December, dropping 3.9 per cent, and the biggest fall was in household goods including furniture and appliances.
There were also declines in recreation (-6.5 per cent), food and beverage (-2.7 per cent) and hospitality (-0.8 per cent), CBA said.”
Ann: PEXA Group acquisition of Smoove Plc and Financial update, page-14
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