By David Olsen · 5 October 2010 · Cashflow
The Reserve Bank of Australia is taking drastic measures to combat inflation, but at what cost? Find out how the services sector is faring in our latest update.
Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.
Tags: australian industry group, Commonwealth Bank, economic activity, Services sector, survey