Rate hike fears sink consumer mood, SMEs see silver lining

By Yajush Gupta · 10 July 2024 · News

Rate hike fears sink consumer mood, SMEs see silver lining

Rate hike fears grip consumers, but SMEs see a glimmer of hope

A new survey reveals a sharp decline in consumer confidence, but small businesses may be poised to benefit from the shift. Will the Reserve Bank's next move tip the scales?

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Summary

Westpac's latest survey shows a deep pessimism, fueled by fears of rising interest rates.