Australia’s Consumer Sentiment Jumps on Rate Pause, Tax Cuts

Australia’s Consumer Sentiment Jumps on Rate Pause, Tax Cuts

Australia’s Consumer Sentiment Jumps on Rate Pause, Tax Cuts From bnnbloomberg.ca Australia’s consumer confidence climbed to a 20-month high in February as expectations that the Reserve Bank has concluded its campaign of interest-rate hikes and the government’s revamped tax cuts buoyed households. Sentiment advanced 6.2% to 86 points, though pessimists still outweighed optimists given a reading of 100 is the dividing line, a Westpac Banking Corp. survey showed Tuesday. The index has held below 100 since February 2022. “While sentiment …