Rate cuts bump up consumer sentiment

By Lorna Brett · 9 November 2011 · Economy

Rate Cuts Spark Consumer Optimism

Consumer sentiment has soared after a surprise interest rate cut. But what does this mean for your wallet and the economy as a whole?

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Summary

Consumer sentiment has jumped 6.3 percent this month, thanks largely to the Reserve Bank’s decision to cut interest rates.

Tags: Bill Evans, Consumer Confidence, Consumer Sentiment, Economy, Interest Rate Cuts, Reserve Bank of Australia, The Westpac-Melbourne Institute Index of Consumer Sentiment, Westpac