News Alert: Australian consumer confidence falls fastest in three months
- Details
- Published on Wednesday, 14 March 2012 10:38
- Written by Will Peters
Figures released today show that Australian consumer confidence fell the most in three months after the nation’s 4 biggest lenders raised mortgage rates.
The country’s sentiment index fell by 5% to 96.1, the lowest level since December.
PM Gillard’s plan to cut corporation tax for businesses with annual revenue of more than A$2bn may be blocked by the upper house senate.
The proposed cut would be from 30% to 29%
More news to follow.
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Latest In Global FX
- Pound dollar exchange rate remains on the defensive as the US currency runs rampant
- Pound euro exchange rate finally up against the euro; gains will be capped by weak economy
- Euro exchange rate today: Forecasters show little optimism as EUR slips vs EUR, CAD and GBP
- Pound euro exchange rate lies low in anticipation of a week filled with domestic risk
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