Consumer confidence drops by 3.8pts as RBA raises interest rates again: ANZ-Roy Morgan

August 10, 2022 10:09

The RBA’s decision to hike interest rates again for a fourth consecutive month has seen the ANZ-Roy Morgan Consumer Confidence Index fall 3.8pts down to 80.3.

Steep inflation expectations in conjunction with yet another hike in cash rates has resulted in slumped consumer confidence across the country.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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