By David Olsen · 10 June 2010 · Economy
Interest rate hikes are taking a devastating toll on Australian consumers. Will the economy be able to withstand the pressure?
Westpac–Melbourne Institute’s Consumer Sentiment Index slumped a further 5.7 percent in June after falling 7 percent in May, with interest rate pressure starting to mount on consumer’s confidence.
Tags: Australia, Bill Evans, Consumer Confidence Index, Reserve Bank, The Melbourne Institute, Westpac