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RBA’s cash rate cut brings confidence
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RBA’s cash rate cut brings confidence
The RBA this week announced a 25-basis-point cut to take the cash rate to 3.6%, offering a vital boost to both households and retailers. While the broader macro-economic outlook remains difficult to predict, this decision will add confidence to the market that whilst slow, the economy is recovering, says Paul Hinds, Managing Director APAC, Circana. “Circana’s latest insights show Australians are continuing to prioritise essential purchases – wit…
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