Australia’s consumer confidence tumbled deeper into pessimistic territory in November after the Reserve Bank raised interest rates for a fifth time this year to tackle stubbornly strong inflation.
Australia’s Consumer Confidence Slumps on Cost-of-Living Fears
Australia’s consumer confidence tumbled deeper into pessimistic territory in November after the Reserve Bank raised interest rates for a fifth time this year to tackle stubbornly strong inflation.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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