UBS: RBA to hike as “Big Australia gets even bigger”
So says George Tharenou at UBS. Sep-23 retail values lift 0.9% m/m, & re-accelerates to 2.0% y/y; above expected Retail sales values in Sep-23 jumped by 0.9% m/m, well above expected (UBS: +0.4%, consensus: +0.3%), and the largest rise since Jan-23. This followed an upward revision in Aug-23 to +0.3% m/m (was 0.2%).