Monday, June 21, 2021

Early rate rises before 2024 commitment likely as RBA gauges surprise jobless fall. I speak with Sally Auld, chief investment officer at JB Were

The unexpected fall in Australia's official jobless rate is raising bets that the Reserve Bank will be forced to raise interest rates ahead of its current 2024 commitment. 

With unemployment now sharply lower at 5.1 percent and inflation set to rise, top economists are already betting the Reserve Bank will be forced to raise interest rates in late 2022 or late 2023 as the facts change about the rapid economic recovery. 

Here's my analysis on RN Breakfast where I speak with Sally Auld, chief investment officer at JB Were.