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Australian consumer confidence drops to six-month low amid inflation concerns and delayed rate cuts.
Australian consumer confidence fell 3.5% to 92.1 in October, marking a six-month low and a sharp reversal from earlier gains.
The decline follows the Reserve Bank of Australia’s decision to hold interest rates steady, citing persistent inflation pressures and stronger-than-expected economic activity.
Concerns about rising mortgage costs and household finances intensified, with the family finances sub-index dropping nearly 10% to 97.1—the weakest in over a year.
While long-term economic outlooks improved slightly, near-term sentiment weakened, and spending intentions declined.
Economists now expect a delayed rate cut, possibly in February 2026, as inflation remains near the upper end of the RBA’s target range.
La confianza del consumidor australiano cae a su nivel más bajo en seis meses en medio de preocupaciones de inflación y retrasos en los recortes de tasas.