Investing.com-- Australia retail sales grew at a slower-than-expected pace in April as consumer spending remained under pressure from sticky inflation and concerns over high for longer interest rates.
Investing.com-- The Reserve Bank of Australia considered increasing interest rates during its May meeting, the minutes of the bank’s meeting showed on Tuesday, as it grappled with a sticky outlook for inflation.
Investing.com-- Australia’s labor market unexpectedly shrank in December with the participation rate falling from record highs, although low unemployment and relatively high participation still pointed to resilience in the sector.