ANZ-Roy Morgan Australian Consumer Confidence index is published weekly, comes in at 81.7
- prior week 82.2
ANZ comments:
- ANZ-Roy Morgan Australian Consumer Confidence was broadly unchanged last week. Inflation expectations fell (down 0.1% on thee week to 4.8%) to their lowest level since February 2022
- Confidence amongst households paying off a mortgage declined 6.4pts to its lowest level this year, despite expectations the RBA will keep the cash rate on hold today. Confidence amongst renters remains weak, declining 1.8pts.
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Coming up later from Australia is the March policy meeting, no cash rate change is expected:
- Reserve Bank of Australia expected to keep its 4.35% cash rate unchanged until September
- The Reserve Bank of Australia March policy decision is due on the 19th - 'on hold' preview
Current RBA Cash Rate and Australian inflation rates