RBA

Consumer spending the wildcard in rate hike uncertainty

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bank’s May meeting confirmed a rate hike was a live consideration, with spending habits a key source of uncertainty. Yet fears of “excessive fine-tuning” […]

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Swifties boost spending

The Australian economy got a leg up from Taylor Swift concerts but the much-anticipated visit was not enough to counter penny pinching elsewhere. Spending as tracked by Commonwealth Bank has been generally subdued and fell 0.3 per cent over the month of February, but households are still managing to find the cash for big ticket […]

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