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. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  2. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More
  3. 07.11.2018
    07.11.2018
    by      In
    With a combination of its industry-leading fans and energy-efficient lighting products, Big Ass is improving working conditions in Australia and around the globe.
    Blazing Queensland temperatures and humidity were creating uncomfortable working conditions at XL Service Bodies, an industry-leading... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    ABB has thrown its weight behind the OPC Foundation in its bid to define the worldwide industrial interoperability standard. The new Open Platform Communication Unified Architecture (OPC UA) standard has the potential to enable industrial players to unlock the full potential of Industry 4.0.
    OPC UA... Read More