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Economics
3 mins to read

More gloom, more pain, more rate hikes expected

ANZ October business survey reveals further pessimism and stubborn inflation outlook.

Illustration: Michael Hickmott.

Business pessimism has become more intense, with inflation expectations showing little respite.

The ANZ Bank business outlook survey for October fell six points with a net 43% of firms expecting economic conditions to get worse over the coming year.

Inflation expectations sat at just over 6%. Last

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More gloom, more pain, more rate hikes expected
Economics,
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