Retail sales in Australia fall 1.1% in October versus an expected gain of 0.4%. Combined with...

|By:, SA News Editor

Retail sales in Australia fall 1.1% in October versus an expected gain of 0.4%. Combined with 3rd quarter GDP growth of just 0.2%, evidence begins to mount that 175 basis points of rate increases are taking effect. Investors expect another 25 basis point increase over the next year; perhaps they should expect cuts.