Reported 21 days ago
The Reserve Bank of Australia has revised its outlook for employment gains upward while expecting a gradual slowdown in underlying inflation, which is projected to remain above target. The central bank noted that the labor market remains tight, with job growth expected to reach 2.6% by year-end, despite a slight rise in the unemployment rate to 4.3%. Economic growth forecasts have been trimmed amidst cautious consumer spending, with projections of a 1.5% growth by year-end and a longer-term goal of 2.25%.
Source: YAHOO