Business and sales expectations have again fallen on the back of interest rate rise fears, according to new Dun & Bradstreet figures, which also revealed Australia’s employment outlook has slipped to an index of -5.
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.75 percent during its meeting in Sydney today; citing slow growth of the global economy and continued economic volatility in Europe and the US as drivers behind its decision.
Brad Callaughan blogs about developing new business strategies to prepare for a potential downturn.
“In times like these, cashflow will be your biggest issue. Debtors are paying in 30 to 60 days but creditors still want their payment within 7 to 14 days. A cash flow forecast with a strong focus on collections is how to keep your head above water.”
A rate rise may be on the way for Australians but not yet. A number of factors are helping to keep inflation down, including the recent spate of natural disasters, though the possibility of a rate rise has not been entirely ruled out.
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