Australia Firms Ramp Up Spending Plans Signaling Strong Recovery

australia firms ramp up spending plans signaling strong recovery

Sumary of Australia Firms Ramp Up Spending Plans Signaling Strong Recovery:

  • Money markets are wagering the RBA will start its policy tightening cycle with a 15 basis point hike to 0.25% by May 2022. Today’s report showed the Covid lockdowns weighed on outlays, with total capital expenditure slipping 2.2% in the three months through September from the prior quarter.

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