LATEST AUSTRALIAN BUSINESS NEWS
Consumer confidence has come back strongly in
Australia with a 7.6% rise recorded in August. This follows on from a slight dip in confidence reported in July – according to the Westpac Bank/Melbourne Institute’s latest Index of Consumer Sentiment. There had been concern about the possibility of the Reserve Bank of Australia (RBA) increasing interest rates, but over the past months that risk has been diminished. It is only last week that the Governor of the RBA stated that a rise in rates over the remainder of 2005 was unlikely.
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David
david.taylor@agarcarlyon.com
Consumer confidence has come back strongly in 
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