Reply To: RBA Raises Rates to Nine Year High 2.85%


Australia’s August Building Approvals were up 28.1% m/m and Private House Approvals were up 4.1% m/m (last 0.8%). September NAB Business Survey rose to 25 from 22 and Business Confidence fell to 5 from 10. October Westpac Consumer Sentiment was down 0.9% m/m (last 3.9%).

Australia’s Treasurer said that the budget, which will be released on October 25, will not forecast a recession.