RBA dep Gov Hauser says surprised employment growth has been so strong

Reserve Bank of Australia Deputy Governor Hauser speaks in a ‘fireside chat’ format at the CBA 2024 Global Markets Conference in Sydney:

• slightly surprised employment growth has been so strong
• labour participation rate is strikingly high
• RBA is data dependent but not data obsessed
• will take into account Q3 CPI, other data, to form a view on policy

Note, Q3 CPI data is due from Australia on October 30.

This article was written by Eamonn Sheridan at www.forexlive.com.