AUSTRALIA: EMPLOYMENT DATA DOES NOTHING TO ALTER VIEW OF IMMINENT RBA RATE CUT – RABOBANK

avatar
· 阅读量 122



The Rabobank Research Team provided insights on Australia’s employment data for March and its implications on the Reserve Bank of Australia's (RBA) interest rate outlook.

Key quotes

“Aussie labor market data released earlier today saw some mean-reversion in the headline employment figures.”

“According to the ABS, Australia shed 6,600 jobs in March after gaining 117,600 in February.”

“Rabobank had been expecting 10,000 jobs to be lost - which puts us equal closest to the pin amongst forecasters - but despite a 1-tick rise, the unemployment rate of 3.8% remained below our forecast (and below the market consensus) because of a fall in participation.”

“All-in-all, it was another strong result for the Aussie labor market that does nothing for the view that Australia will be cutting rates imminently.”


风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0
暂无评论。 来发表第一条观点吧。

  • tradingContest