From Matt747 "Given 20 economists with all the reasons in the world to justify a rate hike and many more to come for the rest of the year, yet the RBA stays put.....Strange ?"
Well, what can i say, they're all whacko.
MOM December retail sales was forecast 0.2 but was down -0.7 reported Feb 4th.
Down for December against November - December is retails month of glory, or should be anyway.
RBA got it right - for once!
Retail Trade - Australia Measure of the total sales of goods and services by retail stores in Australia. Retail Sales is an important measure of consumer spending and inflationary pressures in Australia. Steady increases in retail sales apply significant inflationary pressures to consumer prices. With Retail Trade being the foremost indicator for consumer spending, this figure is extremely important in understanding Australia's economy.
The headline number percentage change in Retail Sales from that of the previous month.
Source of Report: http://www.fxwords.com/r/retail-trade-australia.html
