MP3: Business investment turnaround may sideline Reserve Bank

27.11.2013

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Business investment turnaround may sideline Reserve Bank MP3

A rise in spending plans for services businesses may remove the need for further official interest rate cuts, as existing low rates and a weaker dollar boost business confidence to invest. After a dire investment report in June, the latest September quarter ABS capex report shows services businesses planning to spend more this year than last, and a reduction in the size of spending cuts planned by mining and manufact... Source: abc.net.au

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