Gloomy Economic News
The last few days have not been good news days for the economy. The Gossip has has already reported on comments made by the head of Aussie Home Loans and yesterday figures were released to show job growth is beginning to slow and has already begun to fall in some industries.
The Reserve Bank also decided to add to the gloom with a suggestion that interest rates could be on the rise again soon. It’s not very long ago that they announced interest rates were likely to remain stable for a while but now the Bank sees that the growth in inflation could bring about a rise in rates much sooner than expected.
