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Confidence up as RBA cuts loom: ANZ
Consumer confidence increased over the weekend amid talk of a cut to interest rates while inflation expectations fell, an ANZ analyst says. The ANZ-Roy Morgan Australian Consumer Confidence index rose by 1.2 per cent from the previous week, although the "time to buy a household item" metric dropped 2.9 per cent. "Consumers are upbeat about both their personal outlook and the economy in general," ANZ economist David Plank said on Tuesday. "The prospect of lower interest rates and what appears to be a major sentiment shift on the housing market are likely drivers of the positive outlook". The weekly measure of consumer ... (full story)