Its Over, page-23908

...our consumers aren't so stressed as it seems, we're still spending so RBA isn't going to lift the pedal on rates anytime soon.
Retail sales rise 0.7pc, beating forecast

Joshua Peach

The number: Australian retail sales rose 0.7 per cent in August. Consensus was for a rise of 0.4 per cent. Sales disappointed July, coming in flat at 0.0 per cent.
Why it matters: The Reserve Bank is keen for households to reduce spending to allow inflation to return to its target before starting to lower interest rates.
What has changed: Economists are watching to see if household consumption starts to pick up following the stage three tax cuts enacted on July 1 and the federal government’s energy bill rebates.
What next: The RBA’s latest Monetary Policy Meeting Minutes will be released next week, giving further insight into the central bank’s thinking and the direction of future interest rate moves.