Australian consumer sentiment improves due to interest rate stability and tax relief.
Australian consumer sentiment is improving as the likelihood of further interest rate hikes diminishes and tax relief enhances financial stability. Although high living costs and mortgage pressures persist, government assistance may help restore confidence. The Reserve Bank of Australia has maintained interest rates, aiding family finances, while business conditions have improved for the first time in five months. Upcoming data on home values and consumer spending is expected.
September 07, 2024
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