๐๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฎ๐น๐น๐ ๐ณ๐ผ๐ฟ ๐ง๐ต๐ถ๐ฟ๐ฑ ๐ฆ๐๐ฟ๐ฎ๐ถ๐ด๐ต๐ ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ
New data shows the economy has drastically slowed, which is likely to reduce inflation โ and, potentially, convince the Reserve Bank to stop raising the cash rate.
Australian Bureau of Statistics data confirms that economic growth has continued trending down:
* Dec-22 quarter = 0.9%
* Mar-23 quarter = 0.5%
* Jun-23 quarter = 0.4%
* Sep-23 quarter = 0.2%
A slowing economy means weakening consumer spending, which in turn should mean lower inflation.
The Reserve Bank is trying to walk a fine line between slowing down the economy enough to crush inflation โ but not so much that it triggers a recession
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
