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Consumer confidence drops to four-year low

Consumer confidence drops to four-year low

New figures reveal consumer confidence has dropped to a four-year low, suggesting the RBA's third interest rate cut did little to boost economic morale.

Consumer confidence drops to four-year low

Consumer confidence drops to four-year low

New figures reveal consumer confidence has dropped to a four-year low, suggesting the RBA's third interest rate cut did little to boost economic morale.

Falling interest rates are scaring Australians, with confidence falling to a four-year low – and it's mortgagees who are the most spooked

Falling interest rates are scaring Australians, with confidence falling to a four-year low – and it's mortgagees who are the most spooked

The RBA cuts are more a trick than a treat. (Photo by Tim Boyle, Newsmakers) Australian confidence in the economy has hit its lowest point since July 2015, according to the latest Westpac consumer sentiment survey. Confidence plummeted 5.5% in October, above and beyond the forecast 0.3% decline, after the RBA cut the official interest rate again. Commonwealth

Australians more pessimistic about economy

Australians more pessimistic about economy

The Westpac-Melbourne Institute consumer sentiment index found a significant drop in confidence this year, despite interest rate cuts being slashed to record lows three times since June. "This result will be of some concern to the monetary authorities. Typically, an interest rate cut boosts confidence particularly around consumers' expectations for

DANGEROUSLY EXPOSED: Graph exposes ‘risky’ gamble for Australia

DANGEROUSLY EXPOSED: Graph exposes ‘risky’ gamble for Australia

Australia's economic growth has plunged to the lowest level since the GFC in 2009. Interest rates are at record lows, despite unemployment being at fairly average levels, and the number of employed people growing strongly. This is unusual. It creates the vague sense that something is not right. If an actual economic crisis arrives, this uneasy feeling

A massive housing bubble could form if Australia pulls the trigger on negative interest rates and quantitative easing, analysts warn

A massive housing bubble could form if Australia pulls the trigger on negative interest rates and quantitative easing, analysts warn

The last thing Australia needs. (Photo by Christopher Furlong,Getty Images) RBA governor Philip Lowe may have largely endorsed the use of negative interest rates and quantitative easing (QE) , but some analysts warn they could have seriously negative effects in Australia. QE could help artificially pump up house prices , creating a housing bubble as

Consumer confidence drops to four-year low

Consumer confidence drops to four-year low

New figures reveal consumer confidence has dropped to a four year low, suggesting the RBA's third interest rate cut did little to boost economic morale.