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RBA Deputy Governor Hauser surprised by strong job growth

Reserve Bank of Australia Deputy Governor Hauser speaks in a 'fireside chat' format at the CBA 2024 Global Markets Conference in Sydney:slightly surprised employment growth has been so stronglabour participation rate is strikingly highRBA is data dependent but not data obsessedwill take into account Q3 CPI, other data, to form a view on policyNote, Q3 CPI data is due from Australia on October 30. This article was written by Eamonn Sheridan at www.forexlive.com.

October 21, 2024

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Reserve Bank of Australia’s Deputy Governor Hauser spoke at the CBA 2024 Global Markets Conference in Sydney:

Surprised by strong employment growth.
High labor participation rate.
RBA is focused on data but not overly reliant on it.
Will consider Q3 CPI and other data for policy decisions.

Note: Q3 CPI data will be released on October 30.

Reserve Bank of Australia RBA

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SourceForexlive

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