Australia - credit & debit card spending data to Oct 28 shows spending remains elevated

Data via one of Australia's 'big four' banks, Commonwealth Bank of Australia.

• CBA’s internal credit & debit card spending data to October 28 shows that spending remains elevated.
• While retail card spending growth looks to have plateaued, non-retail card spending growth has edged higher recently due to rising utility bills.

Coming up from Australia today:

• Société Générale tip a +50bp rate hike from the Reserve Bank of Australia today

• AUD traders note - the RBA meet Tuesday, 1 November 2022, a +25bp rate hike is expected
• AUD: RBA to stick to 25bps hike: market implications - BofA

Also, please note:

• AUD traders heads up: its a partial holiday in Australia today (unofficial full holiday)