ASX notches up two-day winning streak after RBA's double interest rate hike
2 years, 8 months ago

ASX notches up two-day winning streak after RBA's double interest rate hike

ABC  

The Australian share market has risen for a second straight day as the Reserve Bank lifted interest rates for a third consecutive month, as widely expected. The RBA's new cash rate target is 1.35 per cent, after today's 0.5 percentage point increase. Double rate hike widely expected Practically every bank and economist anticipated the RBA would lift rates this afternoon, as it desperately tries to ease Australia's cost of living pressures. "It seems the small fall in Australian yields and a lower Australian dollar reflect a case of ‘buy the rumour, sell the fact’," said Commonwealth Bank's head of international economics Joseph Capurso. "The RBA’s post‑meeting statement was not dovish, though did mention inflation would 'decline back towards the 2-3 per cent range next year'.

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History of this topic

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing
1 month, 1 week ago

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing

Live Mint  

By Wayne Cole SYDNEY, Feb 21 - The Australian and New Zealand dollars hovered near two-month highs on Friday as worries about a global trade war abated a little, while Australia's central bank sounded a hawkish tone on future rate cuts. "Future rate cuts will likely be more a case of benign inflation readings allowing the RBA to remove the …

RBA’s Hauser Says Rate Pause Would Have Seen CPI Undershoot
1 month, 1 week ago

RBA’s Hauser Says Rate Pause Would Have Seen CPI Undershoot

Live Mint  

-- Australia’s central bank assessed that keeping interest rates unchanged this year would have resulted in core inflation going below the 2.5% midpoint of its target, Deputy Governor Andrew Hauser said. As a result, the board is “rigorously” focused on cooling prices and success over inflation is “not a done deal,” said Hauser, who is the first foreign official to …

Australian shares marginally extend losses after RBA cuts rate as expected
1 month, 1 week ago

Australian shares marginally extend losses after RBA cuts rate as expected

Live Mint  

By Adwitiya Srivastava Feb 18 - Australian shares slightly deepened losses after the local central bank delivered its highly anticipated interest rate cut for the first time in over four years on Tuesday, driven by a sell-off in heavyweight financials. The RBA cut rates by 25 basis points to 4.10%, easing its monetary policy for the first time since November …

Australian central bank cuts benchmark interest rate for the first time since October 2020
1 month, 1 week ago

Australian central bank cuts benchmark interest rate for the first time since October 2020

Associated Press  

MELBOURNE, Australia — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. “Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,” the board said in a statement. “Some other central banks …

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners
3 months ago

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners

Daily Mail  

The Reserve Bank has given a strong hint borrowers are getting some interest rate cuts in 2025 even though inflation is still too high. The Reserve Bank has given a strong hint interest rate cuts are coming even though inflation is still too high While headline inflation is at a three-year low of 2.8 per cent, the RBA regarded this …

RBA Is More Confident on CPI, But Too Early to Declare Victory
3 months ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

Live Mint  

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

Dollar firms as US rates outlook dominates
3 months ago

Dollar firms as US rates outlook dominates

Live Mint  

By Rae Wee SINGORE, - The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. The Bank of Japan last week kept rates on hold and stayed vague on when it could next raise rates, an outcome which was in stark …

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened
3 months ago

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened

ABC  

OK, so a lot of this discussion is couched in coded messages. They noted that the data received since the previous meeting had not been sufficient to shift the central forecast for inflation or the labour market materially at this stage." "Relative to this central path, members judged that the risk that inflation returns to target more slowly than forecast …

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet
3 months, 1 week ago

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet

ABC  

If you're looking for a last-minute overseas summer getaway, New Zealand is looking increasingly attractive. On the monetary policy front, the Reserve Bank of New Zealand started lifting its cash rate from COVID-19 lows of 0.25 per cent in October 2021 — a full seven months before Australia's Reserve Bank. Why a Fed rate cut sent the US dollar soaring …

The RBA is preparing for all economic scenarios, including an interest rate hike
3 months, 2 weeks ago

The RBA is preparing for all economic scenarios, including an interest rate hike

ABC  

The Reserve Bank may have dropped the phrase "not ruling anything in or out" in its interest rates commentary, but that does not mean an interest rate hike is completely out of the question. That is because, as Dr Hunter explained, it would mean the RBA's key policy goal of achieving its mid-point annual inflation target of 2.5 per cent …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
3 months, 2 weeks ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut
3 months, 2 weeks ago

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut

ABC  

The Reserve Bank has left interest rates on hold in December for a ninth-straight meeting, but opened the door to a rate cut as soon as February. This is a change in language from the board's November statement, which said it needed to "remain vigilant to upside risks to inflation" and was "not ruling anything in or out". "While the …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
4 months ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened
4 months, 3 weeks ago

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened

ABC  

Here are some highlights from the RBA Board's statement. Underlying inflation remains too high: "Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. "Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year …

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened
Trending News
4 months, 3 weeks ago

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC  

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation
4 months, 3 weeks ago

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting, despite inflation falling to its lowest level in almost four years. In a statement, the RBA said while inflation has "fallen substantially" since it peaked in 2022, underlying inflation remained too high at 3.5 per cent in the September quarter. The …

The great New Zealand rate hike experiment and where it all went wrong
5 months, 3 weeks ago

The great New Zealand rate hike experiment and where it all went wrong

ABC  

You have to hand it to the Kiwis. In NZ, interest rates have started to fall Photo shows Skyscapers make up a very business end of town skyline As Australian mortgage holders wait for relief, the Reserve Bank of New Zealand cuts rates and green shoots emerge in the housing market. RBA keeps interest rates at 4.35pc Photo shows Reserve …

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon
7 months, 3 weeks ago

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon

Daily Mail  

Australia's most powerful banker has aggressively scotched expectations of rate cuts by Christmas - despite global concerns about an American recession and weak local economic activity. In the media conference afterwards, Governor Michele Bullock stressed a rate cut wasn't happening soon - despite the Reserve Bank statement emphasing the risk of an economic slowdown and weaker gross domestic product 'Given …

Finance guru Mark Bouris makes worrying admission about Australia
7 months, 3 weeks ago

Finance guru Mark Bouris makes worrying admission about Australia

Daily Mail  

Finance guru Mark Bouris has claimed that Australia has been in a recession for the past 18 months with the standard of living the worst its been in two years. Finance guru Mark Bouris has claimed that Australia has been in a recession for the past 18 months The cash rate is currently at a 12 year high of 4.35 …

'RBA to hike in August', says investment bank as property market pushes on up
9 months ago

'RBA to hike in August', says investment bank as property market pushes on up

ABC  

In short: The Australian property market will remain robust this year and next, according to several analysts. Australian property prices are expected to increase by as much as 5 per cent in calendar year 2024, according to the June PropTrack Property Market Outlook Report. "We got capital cities a little stronger at 6 to 7 per cent for the 2024 …

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia
9 months, 1 week ago

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia

ABC  

The Reserve Bank has kept interest rates on hold at 4.35 per cent. "Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance," the Board said. RBA governor warns the narrow path is 'getting a bit narrower,' but doesn't expect a recession The RBA board …

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits
9 months, 4 weeks ago

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits

Live Mint  

-- Australia’s inflation is showing persistent strength and weighing heavily on the finances of some households, a senior Reserve Bank official said, highlighting the limits to further interest-rate increases. “The board are absolutely focused on the fact that inflation is clearly still above the target band,” RBA Assistant Governor Sarah Hunter said at a conference in Sydney on Thursday, referring …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
9 months, 4 weeks ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse
1 year ago

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse

ABC  

The softening-up process is already underway. There's now every possibility the GDP numbers could tip negative, giving the first real indication that Australia's economy is shrinking under the weight of 13 interest rate hikes in quick succession. The RBA lifted the cash rate to 4.35 per cent last November, but it hasn't fully flowed through to the whole economy. Prepare …

RBA keeps interest rates steady at 4.35 per cent
1 year, 1 month ago

RBA keeps interest rates steady at 4.35 per cent

ABC  

The Reserve Bank has left interest rates on hold at its first meeting of the year after inflation fell by more than expected towards the end of 2023. Inflation easing, but global outlook is highly uncertain In its post-meeting statement, the RBA board said inflation had clearly eased but it was still high at 4.1 per cent. "At 4.1 per …

RBA leaves interest rates unchanged at 4.35pc after first meeting of the year, ASX ends lower — as it happened
1 year, 1 month ago

RBA leaves interest rates unchanged at 4.35pc after first meeting of the year, ASX ends lower — as it happened

ABC  

The Reserve Bank has released its latest forecasts for the economy. While lowering its inflation forecasts to reflect the latest December quarter Consumer Price Index, which came in well below its previous expectations, it appears to be wedded to its view that services inflation is sticky and will take a long time to tame. The RBA has taken 0.6 of …

Commonwealth Bank forecasts massive interest rate cuts for Australians: Here's when the country's biggest bank predicts they will begin
1 year, 3 months ago

Commonwealth Bank forecasts massive interest rate cuts for Australians: Here's when the country's biggest bank predicts they will begin

Daily Mail  

The Commonwealth Bank is now forecasting six interest rate cuts in 2024 and 2025 - starting in September next year as Australian inflation moderates faster than predicted. Mr Halmarick is basing his prediction of 150 basis points of rate cuts, in 2024 and 2025, on inflation falling back to the top of the Reserve Bank's two to three per cent …

Will the RBA raise rates again? It’s looking less likely – but the next two months will be crucial
1 year, 3 months ago

Will the RBA raise rates again? It’s looking less likely – but the next two months will be crucial

ABC  

If you're looking for clues about whether the Reserve Bank has any interest rate rises left, Governor Michele Bullock offered several in her statement after Tuesday's board meeting, saying: the latest monthly figures showed inflation "continuing to moderate" inflation expectations remained "consistent with the inflation target" wages growth was "not expected to increase much further". The mathematics of falling inflation …

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried
1 year, 3 months ago

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried

Daily Mail  

Australian borrowers have been warned to expect another rate hike even though the Reserve Bank has this month left interest rates on hold. The cash rate is already at a 12-year high of 4.35 per cent after the RBA last month raised rates for the 13th time in 18 months. KPMG chief economist Brendan Rynne said the Reserve Bank statement …

Why further RBA interest rate hikes are less likely now than even one week ago
1 year, 4 months ago

Why further RBA interest rate hikes are less likely now than even one week ago

ABC  

Since Australia's Reserve Bank hiked interest rates two weeks ago, there have been two important developments — one in the United States and the other in the United Kingdom. In this way, decisions made in the US not to increase interest rates or even to cut them make it easier for Australia's Reserve Bank not to increase rates — or …

The RBA has hiked the cash rate again. Here's how the banks have responded
1 year, 4 months ago

The RBA has hiked the cash rate again. Here's how the banks have responded

ABC  

The Reserve Bank of Australia hiked the cash rate by 0.25 percentage points after the monthly meeting on Tuesday. For mortgage holders: The standard variable home loan interest rate will increase by 0.25 per cent per annum, effective from November 17, 2023. For mortgage holders: Variable interest rates across home loan products will increase by 0.25 per cent per annum …

What the fall in the Australian dollar tells us about the future of interest rate rises
1 year, 7 months ago

What the fall in the Australian dollar tells us about the future of interest rate rises

ABC  

There's growing evidence the economy is under stress. It's consistent with what soon-to-be RBA governor Michele Bullock said a few weeks back — that unemployment would "have to" rise for inflation to come down to the RBA's target band. "The fall reflects a combination of market expectations that the RBA may have finished hiking and uncertainty following the Fitch downgrade …

Inflation slows more than expected, chance of an August RBA interest rate rise reduced
1 year, 8 months ago

Inflation slows more than expected, chance of an August RBA interest rate rise reduced

ABC  

Consumer prices rose 0.8 per cent over the three months to June, making a 6 per cent increase over the past year. Key points: Quarterly inflation slowed from 1.4pc in March to 0.8pc in June The annual rate of headline inflation is 6pc, down from 7.8pc in December Economists and financial traders now believe an RBA interest rate rise next …

ASX rallies as inflation falls sharply to 5.6 per cent, easing pressure on RBA to lift interest rates — as it happened
1 year, 9 months ago

ASX rallies as inflation falls sharply to 5.6 per cent, easing pressure on RBA to lift interest rates — as it happened

ABC  

The cost of living is falling but core inflation - which strips out volatile items like petrol - remains stubbornly high. The ABS says consumer inflation rose 5.6 per cent over the year to May, down from the 6.8 per cent increase over the year to April. ABS head of price statistics Michelle Marquardt: "This month’s annual increase of 5.6 …

How $20 has become the new $10 amid Australia's cost of living crisis
1 year, 9 months ago

How $20 has become the new $10 amid Australia's cost of living crisis

Daily Mail  

Australians are now looking at paying nearly $20 for a simple lunch amid surging inflation that just a few years ago would have cost half that. $20 has become the new $10 as Australia's cost of living crisis worsens One Australian woman complained on Reddit that this sorry lunch cost her nearly $17 Beer prices have surged beyond $17 in …

Official interest rates rise above 4 per cent as RBA hikes again
1 year, 9 months ago

Official interest rates rise above 4 per cent as RBA hikes again

ABC  

The Reserve Bank has lifted its official interest rate to 4.1 per cent, a level not seen since early 2012. Key points: The cash rate will rise 0.25 of a percentage point to 4.1 per cent RBA governor Philip Lowe said "some further tightening of monetary policy may be required" The RBA says wages growth remains consistent with its inflation …

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy
1 year, 10 months ago

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

ABC  

Australia's economy has become increasingly dominated by powerful firms that are extracting "economic rents" from the system, economist Ross Garnaut is warning. "There have been big changes over the 21st century that greatly affect Australia's capacity to deliver rising standards of living to most people in a growing population," Professor Garnaut said. Professor Garnaut said "economic rent" referred to income …

RBA delivers 'massive' interest rate hit to millions of Australians already struggling with overwhelming cost pressures
1 year, 10 months ago

RBA delivers 'massive' interest rate hit to millions of Australians already struggling with overwhelming cost pressures

ABC  

It was designed to shock, and it did just that. On Tuesday, the Reserve Bank of Australia increased its cash rate target — after a month's pause — by 0.25 percentage points, to 3.85 per cent. "Don't forget that the RBA estimates that 15 per cent of variable rate borrowers will move into negative cash flow by year's end if …

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce
1 year, 10 months ago

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce

ABC  

Here are some comments from Callam Pickering, an economist at global job site Indeed. He's just put out this note on the rate decision, which I think is worth quoting in full: "The flow of recent economic data provides a compelling case for further rate hikes,” he said. "The RBA anticipates that further rate hikes may well be needed to …

The RBA's interest rate pause was a close call that could change as early as next month
1 year, 11 months ago

The RBA's interest rate pause was a close call that could change as early as next month

ABC  

The Reserve Bank has revealed its decision to pause its aggressive interest-rate-hiking strategy was a close call, while warning that more hikes may be needed to tame inflation. Key points: The RBA kept interest rates on hold this month for the first time in a year Minutes from the meeting show board members want time to see the lagged impact …

Australia pauses key interest rate at 3.6% after 10 hikes
1 year, 11 months ago

Australia pauses key interest rate at 3.6% after 10 hikes

Associated Press  

CANBERRA, Australia — Australia’s central bank left its benchmark interest rate on hold at 3.6% on Tuesday following evidence that inflation is falling. Bank Governor Philip Lowe said his board had halted the rise in interest rates to observe the full impact of the rate hike of 3.5 percentage points since May last year. “The board recognizes that monetary policy …

What ANZ, Westpac, Commonwealth Bank, NAB predict will happen with interest rates
1 year, 11 months ago

What ANZ, Westpac, Commonwealth Bank, NAB predict will happen with interest rates

Daily Mail  

The Reserve Bank is expected to leave interest rates on hold next week for the first time in a year as inflation shows signs of moderating. What Australia's banks now expect COMMONWEALTH BANK: April pause and a May hike taking the Reserve Bank cash rate to 3.85 per cent. The Commonwealth Bank, Australia's biggest home lender, is expecting the RBA …

Inflation keeps falling, increasing chances of a Reserve Bank interest rate pause
1 year, 11 months ago

Inflation keeps falling, increasing chances of a Reserve Bank interest rate pause

ABC  

The official measure of inflation has fallen for the second month in a row, easing pressure on the Reserve Bank of Australia to hike interest rates next week. Key points: Annual inflation has fallen to 6.8 per cent, from a peak of 8.4 per cent in December Most categories of goods and services recorded smaller price increases than they had …

ASX finishes lower after Federal Reserve hikes interest rates by 0.25 percentage points, Brickworks reports record half-year profit — as it happened
2 years ago

ASX finishes lower after Federal Reserve hikes interest rates by 0.25 percentage points, Brickworks reports record half-year profit — as it happened

ABC  

So, the US Federal Reserve did what was broadly expected and raised official interest rates by 0.25 of a percentage point early this morning to a 4.75-5 per cent range. Some thought the Fed might pause its interest rate rises altogether, but headline inflation in the US is still at 6 per cent and slow to come down, prompting the …

Why RBA interest rate hikes could end by September – but brace for at least one more
2 years ago

Why RBA interest rate hikes could end by September – but brace for at least one more

ABC  

Tuesday's 10th successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage. I've calculated this increase in payments — which amounts to $12,960 per year — by comparing payments on the National Australia Bank's base variable mortgage rate before the Reserve Bank started …

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting
2 years ago

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting

ABC  

Federal government ministers have acknowledged an increase in distress calls to crisis support hotlines over cost of living, but say the fight to rein in inflation must continue. Key points: The federal government has acknowledged a spike in financial distress calls to crisis hotlines Reserve Bank governor Phillip Lowe says mental health concerns of Australians weighs heavily on him The …

Reserve Bank of Australia raises interest rates to 11-year high, opens the door to a pause
2 years ago

Reserve Bank of Australia raises interest rates to 11-year high, opens the door to a pause

ABC  

The Reserve Bank of Australia has raised interest rates for the 10th consecutive meeting, taking the cash rate target to 3.6 per cent. Key points: The cash rate target of 3.6 per cent is the highest since May 2012 The 0.25 of a percentage point rate rise will add around $77 a month to repayments on a $500,000 mortgage RBA …

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments
2 years ago

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

ABC  

Australia's major banks are forecasting the Reserve Bank will lift interest rates for the 10th successive meeting, taking the cash rate to the highest level in over a decade when the board announces their decision at 2:30pm AEDT. Key points: Economists expect the cash rate will increase by 0.25 of a percentage point to 3.6 per cent RBA governor Philip …

Australia to flirt with recession this year, warns NAB
2 years, 1 month ago

Australia to flirt with recession this year, warns NAB

ABC  

National Australia Bank has delivered a sobering assessment of how it expects the economy to perform this year. Key points: NAB is expecting economic growth to slow to 0.7 per cent over 2023 and 0.9 per cent in 2024 With some quarters forecast at just 0.1 per cent growth, Australia risks a recession The construction sector is likely to hold …

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures
2 years, 1 month ago

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures

ABC  

Australia's unemployment rate has increased from 3.5 per cent to 3.7 per cent according to last month's figures, in seasonally adjusted terms. "January is the most seasonal time of the year in the Australian labour market, with people leaving jobs but also getting ready to start new jobs or return from leave," Mr Jarvis said. David Bassanese, the chief economist …

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