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Australia’s Westpac–Melbourne Institute Consumer Sentiment Index fell 2.6% month-on-month in February 2026 to 90.5, its lowest level in ten months. This followed a 1.7% decline in January and marked the third consecutive monthly fall. The result underscores mounting inflation concerns in the wake of the central bank’s 25 bp interest rate increase earlier in the month—its first hike in more than two years—which has added fresh pressure on both households and businesses.
