Australia’s Westpac consumer sentiment edges up amid small relief over steady rates

Australia’s Westpac Consumer Sentiment Index saw a modest increase of 2.8% mom in August, rising from 82.7 to 85.0. Westpac attributed this uptick to a “small sigh of relief” from consumers after RBA decided to keep interest rates unchanged, coupled with the positive effects of tax cuts and other fiscal measures. However, despite the rise, […]

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