Rate rises worry consumers
12/11/2009
Consumer confidence seems to have been dented by the Reserve Bank’s two interest rate rises in October and November.
The Westpac-Melbourne Institute Index of consumer confidence has fallen 0.8 per cent since the RBA began lifting interest rates in October, says Westpac chief economist Bill Evans.
Consumers were more pessimistic about their family finances and broader economic conditions over the next year.
Source: Herald Sun
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