Economists watch Reserve Bank of Australia for clues on interest rates amid mixed job data.

Economists are closely watching the Reserve Bank of Australia (RBA) for clues on future interest rate decisions, following mixed October job data. Despite weaker job growth, the unemployment rate stayed at 4.1%, leading the National Australia Bank to delay its interest rate cut prediction from February to May. The RBA will provide updates through speeches by Assistant Governor Christopher Kent on Monday and Governor Michele Bullock on Thursday, alongside meeting minutes on Tuesday. The Australian Bureau of Statistics will also release key economic data on Wednesday.

November 17, 2024
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