High confidence defies rate rises

Posted on 16/04/2010  

Consumer confidence remains high, despite five interest rate rises in the past seven months. The Westpac-Melbourne Institute Consumer Sentiment Index was 116.1 in April, down only slightly on the 117.3 recorded in March. Westpac's Bill Evans says this is a surprisingly good result, with the survey taken soon after the RBA's latest interest rate rise.

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