Card spending spree in September quarter 'rules out rate cut scenario'
Higher fuel costs helped the biggest boost in seven and a half years.
Nevil Gibson
Wed, 10 Oct 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The biggest rise in seven and a half years for quarterly electronic retail card spending in the September confirms the economy still has plenty of puff.
One economist says it also rebuts the Reserve Bank's dovish scenario that a rate cut is just as likely as a rise.
Boosted by high consumer
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Nevil Gibson
Wed, 10 Oct 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
