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ScoMo, RBA fizzle: Consumer sentiment sags

June 12, 2019 - 10:44 -- Admin

On both measures. First ANZ: Weak Q1 GDP and the soft retail figure for April have seen consumer confidence move lower over the past week, despite the rate cut from the RBA. Looking back to the rate cuts in 2015 and 2016, there was no tendency for confidence to rise immediately following the move lower

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