World
AUSTRALIAN HOUSEHOLDS HIT EARLY 1990S GLOOM AFTER THE RBA TOOK RATES TO A 15 YEAR HIGH
The Westpac Melbourne Institute consumer sentiment index fell from 84.4 to 80.4 in a survey taken from 28 September to 1 October. Respondents before the 29 September rate decision scored 86.9. Those after it scored 67.2, a near 20 percent gap and the largest daily split since Westpac began tracking in 2019. The cash rate is 4.6 percent, the highest since 2011. Westpac expects another rise on 2 to 3 November.
BigV•1h ago•1 min read