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- Thread starter jumentous
- Start date
Ok...
Latest cad figure (august) which was a record deficit (but thats not really relevant due to the fact that our ecy is growing therefore to have a record figure is nothing more than expected) was 6.7% of GDP
Unemployment rate - 14 year low - 5.6%
Inflation rate - CPI 2.6%, official headline rate 2.7% (dont ask me why)
interest rate - 5% (first increase in 17 months from 4.75% reflecting the stronger global economy.) Mainly put up to reduce retail credit consumption and to take precautionary measures on the housing industry. Also 5% will not be regarded as the RBA's target, most likely increase to between 5.5 - 6% before they leave it for a while.
economic growth, well we cant say just yet, but that 1.9% growth is only for all the months up until september (still got another 4 months in the year to go so yeah)
Latest cad figure (august) which was a record deficit (but thats not really relevant due to the fact that our ecy is growing therefore to have a record figure is nothing more than expected) was 6.7% of GDP
Unemployment rate - 14 year low - 5.6%
Inflation rate - CPI 2.6%, official headline rate 2.7% (dont ask me why)
interest rate - 5% (first increase in 17 months from 4.75% reflecting the stronger global economy.) Mainly put up to reduce retail credit consumption and to take precautionary measures on the housing industry. Also 5% will not be regarded as the RBA's target, most likely increase to between 5.5 - 6% before they leave it for a while.
economic growth, well we cant say just yet, but that 1.9% growth is only for all the months up until september (still got another 4 months in the year to go so yeah)