Summary: Westpac-Melbourne Institute consumer sentiment index down in March; consumers still deeply pessimistic, becoming more concerned about near-term outlook; ACGB yields increase modestly; rate-cut expectations soften slightly; still some signs of improvement, responses suggest inflation ‘crisis’ less acute; four of five sub-indices lower; more respondents expecting higher jobless rate. After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings of...