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AAP
AAP
Business
Jacob Shteyman

Fresh data to shed light on retail, housing strength

United States Mick Tsikas NAB
Spending data for the month of December will reveal another gauge of the strength of the economy. (Bianca De Marchi/AAP PHOTOS)

Stronger-than-expected retail sales figures could weaken the case for a central bank interest rate cut but little can shake the market's conviction that mortgage relief is around the corner.

Traders were pricing in more than a 90 per cent chance the Reserve Bank of Australia would cut rates by 25 basis points on February 18 after a surprisingly soft inflation report at the end of January.

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