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Australia’s Consumer Sentiment weakened in September triggering further rate cuts

September 11, 2019

Australian consumer sentiment weakened in September as they worry on modest recovery in the housing market, which is why markets are expecting more rate cuts in the given situation of the economy. Data from the poll of Melbourne Institute and Westpac Bank (WBC.AX) indicated a drop in consumer sentiment by 1.7% in September after an increase by 3.6% to 98.2 last month. This number could mean negativity greater than positivity. This outcome resulted after a separate survey showing a less

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