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Australian Retail Sales Cool, Boosting Case to Extend Rate Pause

Summary by Bloomberg
Australian retail sales rose at a weaker pace than expected in August in a sign that the Reserve Bank’s rapid interest-rate increases are weighing on the economy.

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Australian Retail Sales Cool, Boosting Case to Extend Rate Pause

Australian retail sales rose at a weaker pace than expected in August in a sign that the Reserve Bank’s rapid interest-rate increases are weighing on the economy.

·New York, United States
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Bloomberg broke the news in New York, United States on Thursday, September 28, 2023.
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