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AAP
AAP
Politics
Poppy Johnston

Tax cuts, rates chatter to play into consumer sentiment

Consumer confidence has been subdued as a result of the higher interest rates. (Paul Miller/AAP PHOTOS)

Higher mortgage repayments, rents and other elevated living costs have been dampening spirits and keeping consumer confidence subdued.

The latest survey from Westpac and the Melbourne Institute on Tuesday is unlikely to show much of an improvement in consumer mood, AMP Australia chief economist Shane Oliver said.

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