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Disappointing consumer confidence strengthens case for rate cut

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Australian Broker | 17 Apr 2015, 06:00 AM Agree 0
Disappointing consumer confidence will weigh on the RBA's mind in its next board meeting, says a major bank economist
  • Ian | 17 Apr 2015, 01:32 PM Agree 0
    Is it just possible that the average person on the street is thinking "Gee we must be in trouble the RBA's cutting rates again". In other words the reduction in interest rates itself is contributing to the lower consumer confidence. Perhaps it's time to stop the reductions and keep some in reserve just in case the global economy tanks.
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