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RBA decision interesting, but few surprises likely
The Reserve Bank of Australia is expected to hold rates at 4.35% on Tuesday according to all 30 economists in the latest Reuters poll, so the focus will be on any shift in its restrictive policy stance. The Australian economy remains resilient, and while CPI did fall to 2.8% in Q3, within the RBA's 2%-3% target band for the first time since 2021, core inflation remains elevated. The jobless rate has remained between 4.0% and 4.2% since April, despite migration rising rapidly, with the employment participation rate at an all-time high of 67.2%, which suggests the economy is doing well, easing the pressure on the RBA ... (full story)
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- Posted: Nov 3, 2024 9:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,294
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