Financial markets don’t expect a cut until April but a fall in the Australian dollar on Monday suggests confidence one is on the cards Get our breaking news email, free app or daily news podcastA shopping surge on Christmas and Boxing Day could help determine the timing of interest rate relief as the Reserve Bank of Australia watches for a recovery in weak economic activity.Consumers are predicted to splash $3.7bn in the last week of 2024 on top of an expected $70bn in the lead-up to Christmas, according to projections from the Australian Retailers Association and Roy Morgan.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/dec/24/billions-splurged-in-christmas-and-boxing-day-sales-could-tilt-rba-interest-rate-thinking
Author : Luca Ittimani
Publish date : 2024-12-24 07:19:00
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Billions splurged in Christmas and Boxing Day sales could tilt RBA interest rate thinking
