Talk of rising interest rates has ‘not dented’ spending appetite of Australians

Sky News Business Editor Ross Greenwood says the talk of rising interest rates and prices “has not dented” Australian consumers’ spending appetite. “March retail sales were a record $33.6 billion – up 1.

Talks cheap. The reality will paint a different picture. Particularly after a few rate increases.

I wonder what this Murdoch would say if Labor was in government? We are about to find out I suppose.

Well you would hope not. We are at record lows still. If people curbed their discretional spending at current rate levels, the whole economy is doomed in a few years.

it wont...cos aussies will go down fighting before they run out of money...and they know JOBSEEKER is there...like its been said before...cut TAX make things cheaper...on STAPLES...bread milk meat veges dont have gst...MAKE MORE things in australia

It will when interest rates keep rising. 👍

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘The entertainment budget would take a hit’: Homeowners decide which expenses to cut“I’d have to cut back on certain things,' said a Croydon homeowner. Many Australians face the prospect of trimming their budget in light of the interest rate rise. auspol ausvotes We can now see that the strong economy has little to do with Morrison Government policies. It was a result of record low interest rates and record debt run-up. As both now hit limits we are left up the creek without a paddle. There's your superior economic managers.
Source: theage - 🏆 8. / 77 Read more »

RBA interest rates: PM defends economic ‘shield’ after first rise in cash rate since 2010 – videoPM points to pandemic and the war in Ukraine after RBA lifts cash rate for first time since 2010 The 'shield' has been provided by the Lies N Propaganda of the Media Streaming Misinformation over the past 2 decades about Liberals being 'better economic managers,' when real economists were talking about the real state of the economy in 2016, 17, 18 & 2019, 20 & 21 ...
Source: GuardianAus - 🏆 1. / 98 Read more »

Cash rate rises the RBA has to haveThe RBA is set for a string of interest rate rises over the next year potentially taking the cash to 2.5 per cent, as the bank indicated Australia’s inflation outbreak will not be brought under control in until mid-2024. Lmao who is writing this dribble ? Last time said interest rate wont rise until 2023 now interest rate wont stop until 2024
Source: FinancialReview - 🏆 2. / 90 Read more »

Big four banks hike rates, as ANZ half year profit jumpsAll four big banks increase their interest rates on standard variable home loans by 0.25 per cent following the Reserve Bank's first rate rise in more than a decade. Big data banks saved a lot during last year 🤣🤣🤣 Yeah... Cost of living going up so they raise the cash rate so the banks raise interest rates, which in turn causes the cost of living to go up.
Source: abcnews - 🏆 5. / 83 Read more »

RBA interest rate rise is ‘not armageddon’: Chris KennyLook my naked photo ❤️😘 A case of the economy as Usury again? Who listens to Chris Kenny’s bias dribble?
Source: SkyNewsAust - 🏆 7. / 78 Read more »