Capex fall revives rate cut hopes

Capex fall revives rate cut hopes

AAP The chances of another interest rate cut have been given a boost, with new data showing business investment slumped in the first three months of the year. Business investment fell by 4.4 per cent in the March quarter, worse than economists' forecasts of a 2.4 per cent fall, official figures released on Thursday showed. The Australian Bureau of Statistics figures, which cover investment in ca…

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