Retailers could be forgiven for thinking the Reserve Bank of Australia has it in for them.
Just as spending appeared to be picking up steam, lifting retailers’ spirits in the run-up to the festive season, the RBA raised the official cash rate for the first time in four months to the highest rate in 12 years.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
