Rate hold no panacea for households; sentiment slips in August

08 August 2023

 

Summary: Household sentiment slips a touch; muted response to RBA decision; sentiment declined further after RBA decision; Citi: result reflects optics of cash rate target above 4%; two of five sub-indices lower; fewer 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 the two sectors converged again in mid-July 2018. Both measures then...

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