UK Retail Sales ex Fuel MoM (Dec) M/M 0.3% vs. Exp. -0.2% (Prev. -0.4%, Rev. From -0.2%, Low. -0.8%, High. 0.5%)
UK retail sales ex-fuel experienced a surprise 0.3% increase in December, beating expectations of a 0.2% decline.
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BoJ Governor Ueda (post-policy presser) says April price behaviour is a factor to mull a rate hike. The impact of any sales tax abolition would be hard to gauge.
UK Retail Sales ex Fuel MoM (Dec) M/M 0.3% vs. Exp. -0.2% (Prev. -0.4%, Rev. From -0.2%, Low. -0.8%, High. 0.5%)
BoJ Governor Ueda (post-policy presser) says, must pay attention to even small FX moves as underlying inflation approaches 2%
BoJ Governor Ueda (post-policy presser) says will conduct nimble market operations to respond to irregular moves; will work closely with the government on long-term rates. Operations could be conducted to encourage stable yield formation.
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This positive performance indicates underlying consumer resilience, which may influence the outlook for monetary policy and economic growth in the UK.
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