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Australian consumer confidence plunges to worst level since 1990s after RBA rate rise
Source: World news | The Guardian · Published
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email , free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s recessio
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email , free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth rate rise this year. Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011, according to the Westpac–Melbourne Institute consumer sentiment index. Continue reading...
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