Australian consumer confidence plunges to worst level since 1990s after RBA rate rise

October 6, 2026 · 5:54 am 1 sources

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• Australian consumer confidence plunges to worst level since 1990s after RBA rate rise
  The Guardian · October 6, 2026 05:54
  Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email , free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth…