Australian Full Time Jobs Strengthen as Unemployment Falls

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  • #17752
    Corporal
    Participant

    Australia saw much stronger than expected full time…

    [article]1014[/article]

    #17760
    TradersCom
    Keymaster

    Humming along nicely despite all the trade war angst is a good sign

    #17767
    TradersCom
    Keymaster

    Opening Statement to the House of Representatives Standing Committee on Economics

    RBA Philip Lowe Governor – Canberra – 17 August 2018

    Says we are likely to make further gradual progress on inflation, unemployment over next couple of years
    says a number of risks have increased for the global outlook
    says we are making progress towards full employment, returning inflation to midpoint of target range
    says one uncertainty for global outlook is possibility of an escalation in global trade tensions
    says some time before we are at full employment
    says prepared to maintain current policy stance until employment, inflation benchmarks more clearly in sight
    says pick-up in wages growth is still expected to be fairly gradual
    says a lower Australian dollar would be helpful
    says a lower AUD would boost inflation, stimulate growth

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