Australian consumer confidence plunges to worst level since 1990s after RBA rate rise
Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011…
The Guardian reports: Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011, according to the Westpac–Melbourne Institute consumer sentiment index.
This business story centres on Australia. Names and organisations mentioned in the coverage include Australian, RBA and Reserve Bank.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Australia · Oceania
- Reported by
- The Guardian
- First reported
- Key names
- Australian, RBA, Reserve Bank, Reserve Bank of Australia
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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