Thursday, May 18, 2023

Reserve Bank rate rise dependent on April employment update

There'll be a lot of attention on official employment data out later this morning and whether that tempers the Reserve Bank's mood for another interest rate rise.

Econmists tip the April jobless rate will remain at 3.5pc with 25,000 new jobs created.

But how long before the labour market begins to turn after eleven interest rate rises?

I speak on ABC Newsradio with Tom Oriti

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