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15 Jan 2015
RBA’s easing phase is done - HSBC
FXStreet (Bali) - According to From HSBC economists, following Australia's upbeat December labor force numbers, the unemployment rate is close to, or past, its peak and the RBA’s easing phase is done.
Key Quotes
"Strength suggests that the “official survey is now starting to look more like the other indicators of labour market conditions, such as job advertisements and business surveys, which have been more positive for some time now."
"In recent months other indicators were a better guide to labour market conditions than the official Australian Bureau of Statistics survey
The unemployment rate is close to, or past, its peak and the RBA’s easing phase is done."
Key Quotes
"Strength suggests that the “official survey is now starting to look more like the other indicators of labour market conditions, such as job advertisements and business surveys, which have been more positive for some time now."
"In recent months other indicators were a better guide to labour market conditions than the official Australian Bureau of Statistics survey
The unemployment rate is close to, or past, its peak and the RBA’s easing phase is done."