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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

The latest economic data releases last week have not changed the market view on interest rates. Business and consumer sentiment data showed that both sectors have come off their recent highs but remain positive or above the long term averages. And while the unemployment rate remains near a record low, the absence of growth in wages means that it will probably prevent the RBA from raising interest rates until late next year.

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Source: Rural Bank

 

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