The RBA had held interest rates steady four straight months until its meeting in November. "Responses over the survey week show sentiment was heading for a slight gain prior to the RBA move, responses amongst those surveyed before the decision consistent with an index read of just over 83." "The RBA's November rate hike has put renewed pressure on family finances and reignited concerns about both the rising cost of living and the prospect of further rate rises to come," said Matthew Hassan, senior economist of Westpac Group. It notes that the Reserve Bank of Australia's decision to raise interest rates by 25 basis points to 4.35% last week, knocked about 6 points off confidence during the survey week. The current reading reflects deeply pessimistic levels, according to the survey. The Westpac-Melbourne Institute index of consumer sentiment fell to 79.9 in November, down from 82 in October. Personal Loans for 670 Credit Score or LowerĪustralia's consumer confidence slid in November, according to a Westpac-Melbourne Institute survey. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |