RBA’s dilemma - more working, less job ads
Today NAB’s Dave de Garis discusses a big lift in the number of working Aussies, tempered by a fall in jobs advertised. What does the RBA do with that?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 14th April 2023
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Yesterday we saw a surprise increase in the number of Australians working last month. So, does that mean a greater likelihood of more hikes form the RBA? Certainly a higher Aussie dollar and rising bond yields are suggesting that. It’s a question put to NAB’s David de Garis. There’s also discussion about the UK’s stagnant outlook, with GDP flatlining and mortgage defaults rising. Hopes of easing inflation I the US were helped by a fall in producer prices. Maybe increased exports from China will help too. Perhaps a weakening in consumer demand through today’s US retail sales will add to that picture.
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