Mixed economic sentiments in Australia as consumers feel pessimistic, but businesses are optimistic, predicting an interest rate cut.

Australian consumer and business sentiments show mixed signals. Consumer confidence is cautiously pessimistic, with concerns about household finances and the economy. Businesses are more optimistic, though they face high cost pressures, particularly in the retail sector. Economists predict a likely interest rate cut due to slowed economic growth and decreasing inflation. Overall, while consumer confidence dipped slightly, it has improved since tax cuts were introduced in July 2024.