Australian weekly consumer confidence 81.7 (prior 82.2)

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 meet this week – on hold decision 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

This article was written by Eamonn Sheridan at www.forexlive.com.