Retail sales growth smashed expectations in February, rising 0.8 per cent and beating the 0.3 per cent result the market was looking for.
Sales growth in January was just 0.1 per cent, seasonally adjusted. The latest report from the Australian Bureau of Statistics puts a dent in the case for imminent interest rate cuts from the Reserve Bank of Australia.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
