Australian customer confidence bolstered by lowered lending rate

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Australia's consumer sentiment rallied as Reserve Bank lowered interest rates first time in almost three years. Melbourne Institute index measuring consumer confidence climbed 6.3% to 103.4.  Consumer confidence climbed third month in a row. In same time the number of approved home loans has increased by 2.2% from August, indicating market recovery.

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