Retail, housing at risk if rates rise.(Brief Article)

Australasian Business Intelligence, April, 2005 by Evans, Michael

Apr 05, 2005 (The Age - ABIX via COMTEX)

Another rise in Australian interest rates will have a dampening effect on the whole Australian economy. The Reserve Bank of Australia will announce its latest decision on rates on 7 April 2005. If it increases the cash rate to 5.75 per cent as some expect, retail and construction stocks will be hard hit. As well, manufacturing exporters, banks and property trusts will come under pressure. Stocks considered the most vulnerable include Boral, CSR, Coles Myer, David Jones, Harvey Norman, Amcor and PaperlinX.

Publication Date: 6 April 2005

RESERVE BANK OF AUSTRALIA: 

BORAL LIMITED - ASX BLD:

CSR LIMITED - ASX CSR:

COLES MYER LIMITED - ASX CML:

DAVID JONES LIMITED - ASX DJS:...

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