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1.Market Observations, 8.Was Sticky

13 June 2019 (AFR) – Consumer confidence falls despite RBA cut

(13 June 2019, AFR, p8, Bo Seo, reporter)

‘The Reserve Bank’s decision to cut rates to a record low has failed to boost consumer confidence, according to Westpac and ANZ. Westpac’s consumer sentiment index dipped 0.6 per cent in June from May. Its survey found that responses collected after the RBA rate cut showed less confidence than those canvassed before the decision.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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