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| Name | Shoppers lured in by end of year sales comes under threat of a rate hike | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 08-07-2024 08:59:24 |
| Video Discription | Australian households have been buying fewer goods and services for more than year, but earlier-than-usual sales and discounts all over Australia did contribute to an increase in spending in May, especially on clothing and footwear. The rise in spending might concern the Reserve Bank, as it continues to fight inflation. The RBA will meet in August to decide whether to lift interest rates from 4.35 per cent. #ABCBusiness Subscribe: http://ab.co/1svxLVE 1.02 -1.15 Elisha Hopkinson, APG & Co CEO talking to The Business ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | business news | finance | finance news | Australia news | economy | economic news | the business | retail spending | retail | shopping | RBA | reserve bank | interest rates | inflation | daniel ziffer | rate hike | cpi | eofy sales | end of year sales | sales | cash rate |
