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AAP
AAP
Politics
Kat Wong

Upward spending trend unlikely to shift needle on rates

Splurging shoppers are unlikely to dim expectations of interest rate cut by the Reserve Bank. (Jane Dempster/AAP PHOTOS)

Australian spending habits will help the Reserve Bank fill in its picture of the nation's economy, with another rate cut expected at its next board meeting amid global tariff woes.

All eyes will be on the monthly spending indicator for June as it becomes the main measure of retail trade when published by the Australian Bureau of Statistics on Tuesday.

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