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Lowe notes that "it is harder to make...........>

RBA
RBA: Lowe notes that "it is harder to make forecasts about the unemployment rate
given the uncertainty about how many employees will remain attached to their
firm and whether people who are stood down will be looking for employment and
thus be counted as unemployed. But it is likely that the unemployment rate will
remain above 6 per cent over the next couple of years. With many firms delaying
or cancelling wage increases, year-ended wage growth is expected to decline to
below 2 per cent, before gradually picking up again. In underlying terms,
inflation is expected to remain below 2 per cent over the next couple of years."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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