Get notifications in real-time for staying up to date with content that matters to you.
Business conditions fell again in July and are now dropping at a level faster than that recorded during the post-2000 Olympic slowdown.
According to NAB’s Monthly Business Survey & Economic Outlook released yesterday, business conditions slid by an additional five basis points in July to negative five. This represented a fall of 25 basis points in just nine months.
Considering this, NAB said it expected the RBA to bring rate cuts forward to as early as next month, with at least 50 basis points to come off the cash rate before the year is out.
NAB also forecast a cash rate of six per cent by mid 2009.
Published: 13-08-08
Related Articles
25bp rate cut a start but more needed to spark market revival; 12-08-08
Australian business confidence lowest since 9/11; 09-07-08
If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.
PROMOTED CONTENT
It is “unacceptable” that turnaround times in branches can be...
The aggregator has partnered with former Time Home Loans director...
Roughly one-third of Australian farmers expect to increase their ...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
