Australian consumer confidence plunges to worst level since 1990s after RBA rate rise
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Australia news category. Published on October 6, 2026 • Originally reported by Australian Associated Press. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Australia news category. Published on October 6, 2026 • Originally reported by Australian Associated Press. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011
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Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth rate rise this year.
Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011, according to the Westpac–Melbourne Institute consumer sentiment index.
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