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Australia Retail Sales Hit Record, Underlining Economic Momentum

  • Sales surged 1.6% in March in third consecutive monthly gain
  • Economists expect sales will remain robust despite rate hikes
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RBA Hiking Rates Is Quite a Big Pivot: ANZ CEO

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Australian retail sales jumped for a third consecutive month to hit a record, driven by a spending revival on the nation’s flood-ravaged east coast and highlighting the economy’s strong underlying momentum.