RBA to hike 25 bps on solid labour market and wages – ANZ RBA Australia Employment InterestRate Banks
jobs beat expectations in headline and Unemployment Rate. Thus, economists at ANZ Bank expect the RBA to deliver a 25 basis points hike next month.“A solid labour market result in October combined with the strong Q3 wage data yesterday points to another 25 bps hike by the“Employment rose 32K, driven by a jump in full-time employment . This exceeded the estimated 23K population increase in the month, reflecting higher immigration.
“Unemployment and underemployment each edged down 0.1ppt to 3.4% and 5.9% respectively, taking underutilisation to 9.3%, the lowest in 40 years.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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