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Unemployment of 4.2% is a sign of RBA success, but it might not last. Here’s why
Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank. It’s a sign of success in dealing with the difficult task of bringing inflation down without too much economic damage. Then Reserve Bank Governor Philip Lowe, in a speech shortly before he handed over the reins to Michele Bullock, said that success in this task would require navigating a narrow path. To keep to the narrow path would mean inflation returns to the target band within a reasonable timeframe the economy continues to grow we ... (full story)
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- Posted: Sep 20, 2024 12:16am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,043
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