Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
A 0.2% q/q decline in Q4 retail sales volumes underscored the impact of higher interest rates and inflation, but evidence of more wary consumers is not expected to stop the Reserve Bank of Australia from tightening policy again on Tuesday.
The 0.2% q/q decline was the first drop since Q3 2021 and followed a 0.3% q/q increase in Q3 last year. Retail price inflation slowed to 1.1% from 2.1% in Q3 due to flat food retailing prices and additional discounting during Black Friday sales. It was the smallest rise in retail prices for 2022.
The RBA is expected to hike rates by 25bp to 3.35% when it holds its first meeting of the year on Tuesday. (See MNI RBA WATCH: 25bp Hike Expected; Eyes On Revised Forecasts)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.