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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

The latest economic data releases last week have not changed the market view on interest rates. Business and consumer sentiment data showed that both sectors have come off their recent highs but remain positive or above the long term averages. And while the unemployment rate remains near a record low, the absence of growth in wages means that it will probably prevent the RBA from raising interest rates until late next year.

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Source: Rural Bank


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879