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Woolies clients 'will feel rate hike most' – Business Report

Woolies clients 'will feel rate hike most' – Business Report

Spending among resilient consumers in the higher income brackets could be hampered by possible further interest rate hikes, Woolworths chief executive Ian Moir said yesterday However, should this happen he said Woolworths, which has outperformed its competitors both in the clothing and food spaces, would be able to cope with the consequences.