Australia Private Sector Credit (YoY) climbed from previous 4.8% to 4.9% in January

Feb 29, 2024

Australia’s Retail Sales comes in at 1.1% MoM in January vs. -2.7% prior

Australia’s Retail Sales, a measure of the country’s consumer spending, rose 1.1% MoM in January from the previous reading of a 2.7% drop, according to the official data published by the Australian Bureau of Statistics (ABS) on Thursday.

RBNZ's Orr: Confident current official rate is restricting demand

The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday that he was confident the current official cash rate was restricting demand but it has to stay at the current levels to curb inflation, per Reuters.