Australian consumer confidence slightly drops, but outlook for interest rate cuts remains optimistic.

Australian consumer confidence has fallen slightly, with the Westpac-Melbourne Institute survey showing a 0.7% decline, bringing the index to 92.1. Despite feeling worse off compared to last year, consumers are more optimistic about the future. Economists anticipate interest rate cuts in the coming months, which could further boost sentiment. However, there's a risk that early rate cuts could lead to additional inflationary pressure.

2 months ago
44 Articles