Reported over 1 year ago
Australian consumer sentiment improved in June due to expected tax cuts, but concerns of rising borrowing costs linger. Despite positive news of cost-of-living assistance and upcoming tax cuts, worries about potential inflation and interest rate hikes remain. The recent survey found a decline in sentiment after the Reserve Bank of Australia's warning on inflation and possible interest rate increases, leading to increased pessimism about the economic outlook. While there was a slight boost in measures of family finances, overall sentiment remains negative regarding the economy.
Source: YAHOO