‘People are still spending’ despite interest rates rises English Headline

Investors Mutual Limited Investment Director Anton Tagliaferro says “people are still spending” despite increasing inflation and interest rate hikes.

“The problem is inflation is up there – seven, eight, nine or 10 per cent. And interest rates are two or three per cent,” he told Englishheadline Business Editor Ross Greenwood.

“So of course, people are spending because rates are still very low.”

English Headline

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