Reported 29 days ago
The Reserve Bank of Australia (RBA) expressed surprise over the limited easing in key employment indicators, suggesting that the labor market remains tight. Assistant Governor Sarah Hunter emphasized that while employment continues to increase, it does so at a slower pace than population growth. Despite a slowing economy and rising unemployment, which recently reached a two-and-a-half-year high, the RBA maintains a hawkish stance as it seeks to control inflation targeting a range of 2-3%.
Source: YAHOO