RBA getting it wrong on jobs

Original article by Jack Quail
The Australian – Page: 2 : 10-Dec-24

The Reserve Bank convened for its final board meeting for 2024 on Monday, with ACTU secretary Sally McManus being joined by union members outside its Sydney headquarters as she called on the RBA to cut interest rates. Melbourne University economics professor Jeff Borland, who is considered Australia’s leading labor market expert, contends the Australian jobs market is not as strong as the RBA thinks, and that its true state does not justify the RBA keeping the cash rate at 4.35 per cent; the RBA will announce its interest rate decision on Tuesday.

CORPORATES
RESERVE BANK OF AUSTRALIA, ACTU, UNIVERSITY OF MELBOURNE

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