The weekly survey from ANZ-Roy Morgan for Australian Consumer Confidence.
Comes in at 82.9
- prior 82.7
ANZ comment:
- This is the first time confidence has improved in the same week the RBA hiked the cash rate, in this tightening cycle; perhaps a sign that households expect a pause soon.
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I'd be wary of accepting that ANZ explanation. I think that as market participants we sometimes fall into the trap of thinking that most folks out there (participants in this weekly survey, for example) have such nuanced views.
