Westpac Banking Corp (WBC.BE)
- Bloomberg
RBA’s Hauser Says Bad Mistake to Set Rates on One CPI Figure
(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy in response to a single inflation report, pointing out there’s a suite of economic data still to come that will need detailed analysis.Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyDemocrats Question Replacing Biden: Here’s How It Could WorkBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysBiden Struggles Against Trump in High-Sta
- Reuters
Australia consumers balance budget relief against rate risks
Australian consumer sentiment rebounded modestly in June as the promise of imminent tax cuts lightened the mood, a survey showed on Tuesday, though the risk of yet higher borrowing costs loomed in the background. The Westpac-Melbourne Institute index of consumer sentiment rose 1.7% in June from May, when it dipped 0.3%. However, the survey also bracketed a meeting of the Reserve Bank of Australia (RBA) which warned there were upside risks to inflation and another rise in interest rates could not be ruled out.
- Bloomberg
Australia’s Households Remain Pessimistic on RBA Rate-Rise Fears
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