Reported 8 months ago
Australia's consumer sentiment remained low in June, with worries about possible interest rate increases by the Reserve Bank. Despite a slight improvement in sentiment, concerns about inflation and rising interest rates are keeping optimism levels low among households. The recent RBA meeting discussed the potential for further rate hikes, but eventually decided to maintain the rate at 4.35%. The survey also revealed that consumer hopes for a positive outlook on inflation and interest rates were dampened after the meeting, with household finances under pressure due to high borrowing costs and rising prices.
Source: YAHOO