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

avatar
· 閱讀量 124



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.”


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0
暫無留言。 來發表第一則觀點吧。

  • tradingContest