NSW: Fall in business activity triggers call for interest cut

AAP General News (Australia)
01-18-2001
NSW: Fall in business activity triggers call for interest cut

A fall in business activity in New South Wales has sparked a call for the Reserve Bank
to immediately cut interest rates.

A St George Bank and NSW State Chamber of Commerce report released today says business
activity during the December quarter fell below the level of the previous quarter for
the first time in four years.

State Chamber of Commerce chief executive officer KATIE LAHEY says the results add
to claims the economy is entering a slowdown.

She says the Reserve Bank must cut interest rates …