Australia’s bank says consumers hurt by latest interest rate rise
Australian consumer sentiment has dropped sharply in response to the latest rise in interest rates and to last week’s federal budget, Australia’s bank Westpac said on Wednesday. “We expect that the most important factor causing such a large fall in the headline index was the rate hike,” Westpac chief economist Bill Evans said releasing the data, adding that the Westpac-Melbourne Institute …
Read more on People’s Daily
Related posts: