Money

Issue No. 6 - July/September 2002

Businesses Should Prepare for Rate Rises

Businesses should be revising their budgets to allow for a further 2% rise in official interest rates, says Adelaide insolvency specialist Nick Cooper of Sims Lockwood South Australia.

Nick says the latest 0.25% increase in official interest rates is already pressuring businesses that have overcommitted themselves and are relying heavily on bank borrowings.

“While many businesses have been comfortable operating in a low interest rate environment, a few percentage points lift...

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