In this week’s TV I look at the recently released stronger than expected retail spending data. I then look at how business confidence was soaring before the latest monetary policy easing. After that I return to my strong theme about early onset inflation during the economic recovery and warn that upward moves in wholesale borrowing costs from levels before the last two cash rate cuts mean some fixed mortgage rates may rise before Christmas.

Click here to read the latest Tony’s View from Tony Alexander for Independent economic commentary.