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Finance & Markets

Australian consumer confidence plunges to worst level since 1990s after RBA rate rise

Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email , free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth rate rise this year. Confidence among Australian consumers has plunged about 20% since the Reserve…

theguardian.com ·1h ago

Australian consumer confidence plunges to worst level since 1990s after RBA rate rise

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