Economic calendar in Asia Thursday, October 17, 2024 – Australian jobs report

Another solid Australian labour market report is expected today. The Reserve Bank of Australia is focused on driving down inflation, and the robust jobs market is giving them space to hold rates at highs. We heard from an RBA official yesterday with no hints on an imminent rate cut:

• RBA’s Hunter says inflation expectations have not become de-anchored
• RBA’s Hunter says inflation has been more sticky than the Bank expected

Of Australia’s largest four banks ANZ, NAB and Westpac expect a rate cut in Q1 2025 while CBA are tipping a cut at the RBA’s December meeting. We heard from WPAC yesterday:

• Westpac continue to expect no cash rate cut from the Reserve Bank of Australia this year

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

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