Better Aussie consumer confidence argues against rate cut

The Australian argues that the better mood for consumers argues against a December rate cut.

Slowing wage growth has failed to dampen consumers’ growing confidence in the economy and their own finances, muddying the case for an interest rate cut next month.

The OIS market is pricing in a 59% chance of a cut at the Dec 5 meeting.

At the Herald-Sun, McCrann says the decision is in limbo.