Australian Consumer sentiment peaks amid interest rate cuts

Note: This section contains information in English only.
Source: RTTNews
Australian consumer sentiment reached its highest level since April 2011, as central bank's monetary measures since last year's November are starting to boost up the household confidence. The Consumer Sentiment index rallied 5.2% to 104.3 for November on a monthly basis, showing the number of optimists is exceeding the number of pessimists. "We are finally starting to see that the Reserve Bank's 150bps of interest rate cuts is having an impact," said Bill Evans, Chief Economist at Westpac.
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