Reserve Bank of Australia To Keep Rates On Hold: BofAMLMani
Considering the volatility of unemployment data, the Reserve Bank of Australia will likely keep rates on hold to assess the data flow for some time yet, while holding a soft easing basis, notes BofAML.
Alex Joiner of Bank of America Merrill Lynch in his June 11, 2015 research report “Australia Economic Watch” points out that Reserve Bank of Australia doesn’t cut rates when the unemployment rate is declining.
Employment growth posts strongest rate
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