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About: anakin
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Rising employment costs are likely to drive UK retail price increases in upcoming months, warns BRC.
British retailers expect price increases due to rising employment costs, food inflation, and operational expenses impacting consumers.
The EUR/JPY pair drops close to 156.25 due to increased demand for safe-haven currencies.
EUR/JPY declined as safe-haven demand rose, driven by US trade tensions and diverging central bank policies.
In January, Australian retail sales rose 0.3% due to improved consumer spending and tax relief.
Australian retail sales rose 0.3% in January, driven by food spending and eased inflation, meeting expectations.
In February, Japan’s Consumer Confidence Index reached 35, falling short of the anticipated 35.7.
Japan’s Consumer Confidence Index fell to 35 in February, below expectations of 35.7, indicating weaker consumer sentiment.
The Reserve Bank of Australia cut rates due to economic risks, cautioning against prolonged tight policy.
RBA cuts cash rate to 4.10%, citing economic risks. Inflation remains above target, policy flexibility maintained.
