Ricardo's Business: Retail profit warning

Access Economics is predicting the Reserve Bank will lift interest rates three times over the next year thanks to the resources boom.

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Access Economics is predicting the Reserve Bank will lift interest rates three times over the next year thanks to the resources boom.

But in another sign of Australia's two speed economy, Premier Investments, the owner of retail brands like Just Jeans and Portmans, has issued a profit warning.

It comes ahead of the consumer price index which will be out on Wednesday.


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By Ricardo Goncalves
Source: SBS

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Ricardo's Business: Retail profit warning | SBS News