Several factors send confidence tumbling
Ballooning inflation, rising interest rates and a loss of confidence around the economic outlook, in Australia and abroad, has sent consumer sentiment reeling.
Source: sheppnews.com.au
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Australian economy 2022 recession fears as consumer confidence crashes to its lowest since 1991
Aussies fear the economy is on the verge of a major crash, with just 10 per cent thinking there will be 'good times' ahead in the next five years.
Source: dailymail.co.uk
Australian central bank chief warns of uncertainty over interest rate increase
Uniindia: Canberra, June 15 (UNI/Xinhua) Governor of the Reserve Bank of Australia (RBA) Philip Lowe has warned that interest rates would continue to rise, and expected inflation to reach 7 percent by the end of the year.
Source: uniindia.com
Borrower sentiment falling as inflation soars: ANZ
Consumer confidence has hit its lowest level in almost two years, according to data from ANZ and Roy Morgan. Sentiment among Australians dropped by 4. 1 per cent in the week to 5 June to a reading o
Source: mortgagebusiness.com.au
Reserve Bank lifts interest rates to 0.85 per cent
RBA governor Philip Lowe announced a 0.5 percentage point increase in the cash rate to a higher than expected 0.85 per cent.
Source: theage.com.au