A measure of Australian consumer confidence dipped in June as a run of disappoin...
SYDNEY - A measure of Australian consumer confidence dipped in June as a run of disappointing data on the economy overshadowed a cut in interest rates and a hint of stability in falling house prices.
The weakness led the Reserve Bank of Australia to cut interest rates to a record low of 1.25%, and to leave the door open to further easing in coming months. There was a little more optimism on the future, with the economic outlook for the next five years bouncing 1.0% and family finances over the year ahead up 3.1%.
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