Australia’s enterprise confidence fell sharply in November and situations softened additional. The report comes simply hours forward of the RBA’s closing rate of interest determination of the 12 months, the place the central financial institution is all-but-certain to depart coverage settings at a 13-year excessive. HSBC’s Paul Bloxham says fee cuts are nonetheless “a while away”, because the financial system grapples with weaker-than-expected productiveness development and step by step cooling inflation.
——–
Extra on Bloomberg Tv and Markets
Like this video? Subscribe and activate notifications so you do not miss any movies from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Go to http://www.bloomberg.com for enterprise information & evaluation, up-to-the-minute market knowledge, options, profiles and extra.
Join with Bloomberg Tv on:
X: https://twitter.com/BloombergTV
Fb: https://www.fb.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Join with Bloomberg Enterprise on:
X: https://twitter.com/enterprise
Fb: https://www.fb.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/firm/bloomberg-news/
Extra from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch extra on YouTube:
Bloomberg Know-how: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@enterprise
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
