Aus: Tax cuts, rates chatter to play into consumer sentiment

(Image: Bloomberg)

Mon, 08 Jul 2024

By Poppy JohnstonHigher mortgage repayments, rents and other elevated living costs have been dampening spirits and keeping consumer confidence subdued.The latest survey from Westpac and the Melbourne Institute on Tuesday is unlikely to show much of an improvement in consumer mood, AMP Australia chief economist Shane Oliver said."(The consumer sentiment index) is likely to remain weak and could fall again following increased talk of another rate hike, although this may be partly offset by high media coverage around the tax cuts," he sa...

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