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Interest rate cuts ‘truly off the table’ as more Australians brace for further hikes, according to Westpac


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Interest rate cuts ‘truly off the table’ as more Australians brace for further hikes, according to Westpac

Australians believe the prospect of interest rate cuts is now well and truly off the table for this year as a growing number of consumers brace for further hikes — mainly driven by those in WA.

Consumer sentiment continues to hold around very weak levels, according to Westpac-Melbourne Institute’s latest index, which barely lifted over the three months to July and still indicates widespread pessimism.

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