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AAP

Business

Adrian Black and William Ton

Weary retail recovery has rate cut almost in the bag

Shane Oliver Interest Rates Joel Carrett Coles

Retail trade rose a lower-than-expected 0.3 per cent in March for an annual pace of 4.3 per cent. (Dan Himbrechts/AAP PHOTOS)

Sluggish retail spending and stagnant trading volumes are yet another reason for the Reserve Bank to cut interest rates, economists say.

Retail trade rose a lower-than-expected 0.3 per cent in March for an annual pace of 4.3 per cent, the Australian Bureau of Statistics reported on Friday.

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