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ANALYSIS - AUSTRALIAN TRADE DEFICIT SEALS FATE ON RATE RISE.
Publication: AsiaPulse News Publication Date: 28-FEB-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
CANBERRA, Feb 28 Asia Pulse - The second largest trade deficit on record, fuelled by Australia's love affair with cheap cars and clothes, is set to translate into an interest rate rise this week.
The 39th consecutive trade deficit hit $A2.7 billion ($US2.12 billion) in January as imports of consumer products soared while exports of major rural commodities dipped.
And in a major concern, imports of capital goods fell four per cent while other figures showed personal credit growing at its fastest rate in more than 14 years.
Ahead of tomorrow's Reserve Bank...
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