Consumer confidence plunges to its lowest level since April 2020

“People are not feeling confident at the moment with spending money – they’re really concerned, according to ANZ Roy Morgan, about rising interest rates,” Mr Boyd told Sky News Australia.

“This one of the, sort of, signs that we’re seeing of people tightening up their spending, maybe staying at home more, putting more money on the mortgage, and that’s what the Reserve Bank wants.”

This is all on Labor’s watch . What has Labor done to help the RBA , kept spending , no policies in place to help RBA got rid of policies that were working and the list goes on . This is on Labor’s head. Clueless and reckless

The RBA are so out of touch. Just because food petrol gas electricity rates are all going up. Doesn’t mean that that is inflation

That was the plan...reduced spending will (supposedly) reduce inflation

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Speculation the RBA may of ‘done enough’ with interest ratesSky News Business Reporter Edward Boyd says there’s speculation that the Reserve Bank of Australia may of “done enough” with interest rates. Mr Boyd’s remarks come after it was revealed consumer confidence plunged to its lowest level since April 2020 following the RBA’s 10th consecutive interest rate hike. “They may already be on pause, they may not lift rates next month,” Mr Boyd told Sky News Australia. May have *May have Not of Have done
Source: SkyNewsAust - 🏆 7. / 78 Read more »