A disastrous NAB survey, partly as a consequence of credit drying up.
Oh dear.
The Reserve Bank's Harper surfaced to opine that the domestic economy in general and indeed 'everything' he has seen is still strong, and that the next move in interest rates is likely to be up.
Uh huh.
Survey says...bom bom!
Source: NAB
The Reserve Bank's Harper surfaced to opine that the domestic economy in general and indeed 'everything' he has seen is still strong, and that the next move in interest rates is likely to be up.
Uh huh.
Survey says...bom bom!
Source: ASX
In all fairness, the RBA can point to strong jobs data to justify its position, but things may be set to deteriorate.
Inflation figures out tomorrow!
