none

Interest rate cut on the cards

31-08-2010
by 
in 

 

Latest CPI data released recently has confirmed that inflation pressures are well contained.
 
This should give the Reserve Bank further confidence to reduce interest rates, according to Australian Industry Group Chief Executive Designate, Innes Willox.
 
"A major driver of the benign rise in overall consumer prices was the solid fall in prices of tradable goods and services, Mr Willox says.  
 
“The fall in these prices also highlights the ongoing pressures faced by non-mining trade exposed industries such as manufacturing and tourism.  
 
“Businesses in these sectors are facing greater competition in international and domestic markets while at the same time contending with wage increases and further rises in energy prices." 

Related news & editorials

  1. 18.01.2019
    18.01.2019
    by      In
    Sydney-based food processing and packaging specialist tna has named Jonathan Rankin as Chief Executive Officer. Having recently returned to tna as Chief Sales Officer, Rankin will now lead tna’s day-to-day operations, while focusing on the implementation of new processes that will take the company’... Read More
  2. 17.01.2019
    17.01.2019
    by      In
    Despite an increased global focus on IoT security, the latest report from security specialist Gemalto reveals that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. “The state of IoT security” also finds that the proportion of companies’ IoT budgets spent... Read More
  3. 17.01.2019
    17.01.2019
    by      In
    Online entries for the Australian Packaging and Processing Machinery Association Awards of Excellence will close on 26th January, with judging set to begin on 28th January. The award winners will be announced at the Gala Awards Ceremony on 27th March.
    According to APPMA Chairman Mark Dingley, “... Read More
  4. 17.01.2019
    17.01.2019
    by      In
    A group of almost 30 global companies from the plastics and consumer goods sectors have come together to form the Alliance to End Plastic Waste (AEPW), committing more than $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment.... Read More