Australian jobs data reduces chances of imminent rate cut, strategists say
- Thursday, 13 October 2011
Unexpectedly positive Australian employment numbers released on October 13 have caused some strategists to revise their expectations of an imminent Reserve Bank of Australia (RBA) rate cut, while more hawkish commentators say the jobs data supports their view. However, there are still economists who believe the employment figures should not be interpreted as an early sign of an upswing and still predict a November cut.
