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AAP
AAP
Business
Jacob Shteyman

Wavering households ease urgency for more rate hikes

Jim Chalmers Economy Australia
Latest economic data has pointed to a slowdown in household spending this year. (Darren England/AAP PHOTOS)

Hit by higher inflation and interest rate expectations, Australian consumers are slowing down.

Despite economic growth figures exceeding Reserve Bank forecasts, NAB economist Jessie Cameron says softening consumption will reduce the urgency for more rate hikes.

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