The data from major bank nab comes a week after the Reserve Bank was forced to cut interest rates to its lowest level in history and Australian Bureau of Statistics data showed the economy had slowed to its weakest level since the global financial crisis in 2009.Saving Account tiers minimum balance from $5 to $5 High APY 0.05% Low APY 0.05%
In the NAB Monthly Business Survey for May, Mr Oster says while the retail industry has lagged the other sectors for some time, "the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC".
Bank of Thailand to retain LTV regulation · The Bank of Thailand MPC voted unanimously to keep the policy rate unchanged at 1.75% on June 26. 2019 gdp projections were cut, inflation was held unchanged, but core was trimmed (highlights are in the table below). Growth projections were cut to 3.3% for 2019 vs 3.8% earlier. Next year’s GDP forecast was also trimmed by 20 bp to 3.7%.
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‘Levels not seen since the GFC’: NAB calls the retail recession The bell has tolled for the retail sector, with the bank declaring the industry is "clearly in recession". It’s a headache for retail landlords, and tenants.
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