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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/12/05

Australia's Economy Slows, Casting Doubt on Central Bank Outlook

Australia’s economy slowed last quarter as commercial construction fell and household spending slowed, casting doubt on the central bank’s outlook and all but ruling out an interest-rate increase next year. The data are a blow to the Reserve Bank narrative of record-low rates fueling economic growth of around 3.5 percent this year and next to drive higher wages. It’s now contending with a less robust expansion at a time when house prices just recorded the biggest drop since the global financial crisis. That could prompt consumers to further rein in spending. -  Bloomberg


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