Rising rates send confidence reeling

By Colin Brinsden, Aap Economics and Business Correspondent
Updated June 15 2022 - 4:06am, first published 4:00am
Consumer confidence has slumped after last week's bigger-than-expected rate hike by the RBA.

Ballooning inflation and rising interest rates have sent consumer confidence reeling, but the mood among low paid workers may get a lift after the Fair Work Commission awarded them a 5.2 per cent wage increase.