As I said a couple of weeks back, the high A$ is really hurting a great many exporters (outside the resource sector of course). Now there has been a massive slump in exports put down to the flooding/natural disasters but I suspect that isn't the only reason.
The economy may actually be retracting and I can say with some confidence rates won't be increased for the forseeable future.
- Forums
- Property
- interest rates will be on hold
As I said a couple of weeks back, the high A$ is really hurting...
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