Australia consumer confidence deteriorated in February as the rise in interest rates put renewed pressure on finances, survey data from Westpac showed on Tuesday.
The Westpac-Melbourne Institute consumer sentiment index declined to 90.5 in February from 92.9 in January.
The central bank's 25 basis-point rate hike this month has put renewed pressure on finances, dented attitudes towards major purchases and raised concerns about medium-term prospects for the economy, the survey showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.