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Australian consumer confidence hits three-year high of 95.9, boosted by lower interest rates and inflation.
Australian consumer confidence rose by 4% in March, hitting a three-year high of 95.9, driven by the Reserve Bank's first interest rate cut since 2020 and slower inflation.
Mortgage holders and potential homebuyers saw the biggest boosts in confidence.
Despite this, the overall outlook remains cautiously optimistic.
Meanwhile, the total value of Australian homes hit a record $11 trillion, though growth has slowed.
Persistent concerns include international trade tensions and business confidence slipping into negative territory.
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La confianza de los consumidores australianos alcanza un máximo de tres años de 95,9, impulsado por las tasas de interés más bajas y la inflación.