Westpac-MI Consumer Sentiment Drops Despite RBA Rate Cut

Consumer sentiment index posted a surprise 4.1% month-on-month drop in December to 100.0 when expectations were for an increase (rose 5.2% in November) after the RBA cut the cash rate earlier this month. The index is now below the November 2011 level when the RBA first cut the cash rate in the…

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Westpac-MI Consumer Sentiment Drops Despite RBA Rate Cut

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