Australian Consumer Confidence

Australian consumer confidence held steady at 70.7 points last week. ANZ Research anticipates the RBA will maintain the cash rate at 4.35% amid persistent economic headwinds.

Key Takeaways

• 1.Consumer confidence remained stable, declining slightly by 0.1pts to 70.7pts.
• 2.Inflation expectations decreased slightly to 6.0%.
• 3.ANZ expects the RBA to keep the cash rate on hold at 4.35% due to soft household spending and weak confidence.

Table of Contents

• Contributors
• Contacts
• Steady (ahead of RBA decision)
• ANZ-Roy Morgan Australian Consumer Confidence and inflation expectations
• ANZ Economist, Sophia Angala, commented:
• Important notice

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