Consumer Lending in Australia - New Market Study Published
Following a sequence of eight rate cuts by the Reserve Bank of Australia (RBA) since 2011, in June 2014 the RBA confirmed that the official cash rate was going to be kept on hold at 2.5%, with no additional changes before the end of the year. Considering that this continues to be a record low for Australia, those reliant on consumer lending naturally welcomed the RBA decision. Efforts to stimulate economic growth and neutralise the effect of declining investment in...
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