the adviser logo

Slowing economy could prompt more rate cuts

by Staff Reporter7 minute read
The Adviser

Economic growth figures from the ABS today confirm Australia needed yesterday’s reduction to the cash rate.

Gross domestic product (GDP) eased to just 0.3 per cent in the June quarter, from an upwardly revised 0.7 per cent in the March quarter, the figures showed.

The expansion was less than the 0.4 per cent expected by economists and could support the case for further rate cuts this year.

Published: 3-09-08

Related Articles

Rate relief finally delivered 02-09-08

Read the latest issue of The Adviser magazine!
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
Read more