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AmextaFinance > Investing > Australian Consumers Downbeat After Surprise Rate Hike
Investing

Australian Consumers Downbeat After Surprise Rate Hike

News Room
Last updated: 2023/05/09 at 10:19 PM
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By James Glynn

SYDNEY–Australian consumer confidence was rattled last week by a surprise rise in official interest rates, the 11th in the last year, with the Reserve Bank of Australia warning more may be needed.

Consumer confidence decreased by 2.1 points last week, while inflation expectations nudged higher, according to a survey by ANZ…

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News Room May 9, 2023 May 9, 2023
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