By Lorna Brett · 19 January 2012 · Economy
Despite two interest rate cuts, consumer confidence remains stubbornly low. Will more rate cuts be the key to unlocking a brighter economic future?
Two consecutive interest rate cuts have failed to boost post-Christmas consumer sentiment, a result economists have called “disappointing.” But slowing inflation means businesses may benefit from more rate cuts in the months to come.
Tags: Bill Evans, Consumer Confidence, consumer sentiment January, Economy, Interest Rate Cuts, Reserve Bank of Australia, The Westpac-Melbourne Institute Index of Consumer Sentiment, Westpac