Confidence slips after RBA holds rate: ANZ
By Loren Webb · 14 May 2019 · Banking
By Loren Webb · 14 May 2019 · Banking
Australians' faith in the economy has taken a drastic hit, and experts are pointing to a surprising culprit. Will the latest consumer confidence numbers spell trouble for the country's financial future?
Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household […]
Tags: analysts, Anz, Banks, central bank, China-US, Consumers, economic, Economy