Australia's March labour force data will be closely monitored for its impact on interest rates and inflation.
This week, Australia's March labour force data will be closely watched, following a robust reading in February. The Reserve Bank expects gradual softening as interest rates rise, aiming to slow the economy and reduce inflation. The strength of the labour market is crucial, as it has implications for consumer pain from rising interest rates. Strong hiring could suggest resilience in the economy and persistent price pressures.
April 14, 2024
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