Breakfast

Yesterday the National Australia Bank became the first bank to promise to pass on any forthcoming interest rate cuts from the Reserve Bank. But one sector where movements in interest rates don't seem to matter is consumer electronics. This week one of the big retailers in this area, JB Hi-Fi, proved it was largely immune from the economic slowdown. It reported a 61 per cent jump in profits to $65 million on the back of rising sales of its big-screen televisions, computer games, cheap CDs and DVD movies.

Guests

Patrick Elliott
Chairman JB Hi-Fi

Reporter

Business Editor Sheryle Bagwell

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