“Australia’s seasonally adjusted unemployment rate fell to 3.5% in Feb, hovering around a 50-year low, from 3.7% in Jan, and against expectations of 3.6%. Seasonally adjusted employment increased by 64,600 people, from a revised fall of 10,900 people . Full-time employment increased by 74,900, while part-time employment fell by 10,300.”
“We are keeping our view of one more 25bps hike in Apr, which will take the OCR to 3.85%. Any changes to our forecasts will depend on incoming economic data. Financial stability concerns will also be a crucial factor given the current problems in the banking sectors in the US and Europe.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: