Business Daily Media

Business Marketing

.

RBA Hikes Cash Rate


Theo Chambers, CEO of Sydney mortgage brokerage Shore Financial, said today,

“The market was expecting a 0.25 basis point increase so today’s announcement comes as little surprise to most. The expected outcome is that people’s borrowing power will continue to be reduced. Consumer spending is still quite high at the moment, which is keeping inflation high, recently reaching the 7% mark in Australia.

As for other likely outcomes, unemployment is now forecast to start increasing as rates continue to rise, and could reach 4.5% in 2023. This can be put down to the fact that once consumer spending starts decreasing and inflation subsequently starts decreasing, the global economy will probably retract a little bit. As a result, businesses will feel less revenue and profits will fall, leaving many in a situation where they may have no choice but to lay off some staff as they go into cost-cutting mode.”







Popular

Empirics to power Port Adelaide’s data-driven insights

Empirics, a leader in data integration and analytics, has announced a new partnership with Port Adelaide to establish the AFL club as a leader in data-driven decision-making across all aspects of its on and off-field operations. ...

Allegion Finalises Acquisition of Australian Residential Door Hardware Leader Gainsborough and API Locksmiths

Global industry leader commits to Australian market by strengthening its ability to provide comprehensive solutions to local customers   MELBOURNE, AUSTRALIA (July 10, 2018) – Allegion, plc, a leading global security produc...

SEO Tools that Will Help You Conquer Your Digital Marketing Strategy

Now that you are using the latest digital marketing strategies, you require SEO tools to help you be consistent and be the best. Which tools are these? Don’t you worry, as today I will take you through some of the vital SEO ...