Confidence sinks as NAB predicts rates to hit 4.1pc
Michael ReadEconomics correspondent
Major companies including Breville say it is getting harder to push through higher prices, amid a plunge in consumer confidence and warnings from NAB that interest rates will need to rise to 4.1 per cent to tackle inflation.
The warnings follow market updates last week from big players such as Boral, Suncorp and Amcor highlighting the persistence of inflation and flagging more price rises down the track.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles