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AAP
AAP
Politics
Poppy Johnston

HISTORICAL FACTS: Consumer confidence tumbles after rate hike - The Untold Story

Reserve Bank Matthew Hassan Interest Rates Westpac
Consumer confidence dropped by 2.6 per cent in November after the central bank hiked rates. (Jeremy Ng/AAP PHOTOS)

Another interest rate hike has flattened the consumer mood, with businesses also nervous about the future despite a still-resilient economic climate.

The Westpac and Melbourne Institute monthly consumer sentiment survey has detected a sharp fall following the Reserve Bank's decision to lift interest rates by another 25 basis points in November.

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