Lifting rates this week? Yes, Yes, No.
NAB Morning Call
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The Resilience of the Consumer in Japan
UK retail sales were a surprise again, this resilience. You might have thought there'd be some sort of response, market response to that,. But really nothing at all. And if anything, it's probably just emphasizes that the focus really in the UK is that elevated level of inflation. Canada's retail sales, though, they were lower than expected up 0.2% in May, just 0.5% half percent year on year. So definitely a softer economy in Canada.
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