However, the statement makes it very clear the Board is keeping an eagle eye on the labour force remaining cautiously positive about the low with jobless rate low of 5 percent.
Saxo Capital Markets strategist Eleanor Creagh got it right on AM this morning when she bet the RBA would hold back because of the jobs factor
The message is clear - inflation is one factor but for now the game is all about jobs, meaning every meeting from now on is “live” with a growing likelihood that rates will be cut in July with a followup in August.
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