Growth

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BoE holds rate as inflation remains above target
by Staff Reporter • 11 Jul 2008
Despite a struggling British economy, the Bank of England (BoE) left rates unchanged overnight at five per cent. READ MORE
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Inflationary expectations stay at record high
by Staff Reporter • 11 Jul 2008
Expectations for record high inflation remain high because of increased fuel, rent and food prices, the Melbourne... READ MORE
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June unemployment results better than expected
by Staff Reporter • 10 Jul 2008
Unemployment fell to an unexpected 4.2 per cent in June, from 4.3 per cent in May, as 24,000 more full time jobs were... READ MORE
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Consumer sentiment lowest in 16 years
by Staff Reporter • 10 Jul 2008
Consumer sentiment fell to the lowest level since 1992 in July, the Westpac Melbourne Institute Index of Consumer... READ MORE
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Australian business confidence lowest since 9/11
by Staff Reporter • 9 Jul 2008
Business conditions and sentiment deteriorated sharply in June, NAB’s monthly Business Survey and Economic... READ MORE
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Barclays cuts sub-prime loan products
by Staff Reporter • 9 Jul 2008
The UK's fourth largest bank will stop selling new loans through its sub-prime loans unit and plans to cut around 300... READ MORE
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US house prices down, but improvement apparent
by Staff Reporter • 8 Jul 2008
Almost all US housing markets suffered a decrease in value, figures from Radar Logic revealed yesterday. READ MORE
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Construction activity declines further, unlikely to pick up soon
by Staff Reporter • 7 Jul 2008
The already tight supply of residential dwellings is set to contract further as construction activity continues to... READ MORE
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Arrears on rise in local RMBS market
by Staff Reporter • 3 Jul 2008
Prime residential mortgage arreas rose for the fifth consecutive month in April, according to Standard &... READ MORE
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Commercial property activity slumps to lowest in 15 years
by Staff Reporter • 3 Jul 2008
Commercial property sales fell 60 per cent in the first half of 2008 compared to the first half of 2007, according to... READ MORE