Australia’s Three Rate Cuts Are Making Consumers Even Gloomier
Philip Lowe, governor of the Reserve Bank of Australia (RBA), speaks during the RBA Board Dinner at the Melbourne Museum in Melbourne, Australia, on Tuesday, Oct. 1. (Photographer: Carla Gottgens/Bloomberg)

Australia’s Three Rate Cuts Are Making Consumers Even Gloomier

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(Bloomberg) -- Australian consumers are feeling their gloomiest in more than four years, signaling that the Reserve Bank’s three recent interest-rate cuts are having the reverse intended effect.
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