Progress made on job, inflation goals: RBA
The Reserve Bank of Australia says better-than-expected progress has been made on its goals for employment and inflation, which is why the board decided to end monet...
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The Reserve Bank of Australia says better-than-expected progress has been made on its goals for employment and inflation, which is why the board decided to end monet...
Economists at the nation's biggest bank now expect the Reserve Bank of Australia will start lifting the cash rate in June, rather than their earlier prediction of a move in August.
The prospect of higher interest rates this year has undermined confidence, just when Australian consumers appeared to be getting back on their feet.
Consumer confidence dropped 1.9 per cent last week, reversing the gains of the week before. A large fall in confidence in WA and smaller falls in NSW
ANZ-Roy Morgan Consumer Confidence deceased 1.9pts to 99.9 during the first week of February. Consumer Confidence is still a significant 11.5pts below the same week a year ago, February 6/7, 2021 (111.4) and now just below the 2022 weekly average of 101.1.