Soft labour market data won’t keep RBA from hiking
When the Reserve Bank of Australia left rates on hold this week, it clearly signalled that it has a tightening bias. Although the weak November jobs report complicates the outlook somewhat, we suspect the Bank will retain its view that the economy is pushing up against capacity constraints. Accordingly, we expect the Bank to raise interest rates as soon as February.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
