Australian confidence falls to 67.2 after rate rise to 4.60%

Australian confidence fell to 67.2 after the Reserve Bank's 29 September rate rise, the lowest reading since the late 1990s on the Westpac-Melbourne Institute index. The survey ran 28 September to 1 October, covering responses before and after the cash rate — the benchmark rate — rose to 4.60%. What to watch is how fast this feeds into expectations.