Reserve Bank Board members agreed on “a wait and see” policy at the last interest rate meeting, noting the significant improvement in economic conditions in domestic and global economies.
The national average petrol price rose by 1.5 cents to 122.4 cents per litre in the past week – an eight month high. Petrol rose in all states and territories
The consumer sentiment index has surged out of recession territory. The index rose by 12.7 per cent – the biggest monthly surge in 22 years. The index is now at 17 month highs.
Australia is experiencing the biggest migration boom in history with 253,415 migrants arriving in 2008. Australia’s overall population grew by 1.91 per cent over the year – the fastest rate of growth