Australian Chamber of Commerce and Industry CEO Andrew McKellar says the RBA should consider that retail sales numbers are “showing signs of softness” before deciding what it’s going to do in terms of its next steps on interest rates.
“I would urge them just to pause for a moment, and let’s not do too much damage to the economy,” he told Sky News Australia.
“Let’s hope that inflation has peaked … but let’s hope that we can start to see that pulling back in the months ahead.
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