MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Aussie Unemployment at 3.7%, 30bp Tighter Than Survey

(MNI) Melbourne

Australian unemployment and employment figures have printed stronger than expected.

Central Bank NewsPolicy NewsHomepageEmailAPACAustraliaBriefStoryRBARegion

Australia’s unemployment rate fell 0.4 basis points to 3.7% in February, missing the market’s 4.0% expectation, while employment grew by 116,000, higher than the 40,000 forecasted, data from the Australian Bureau of Statistics showed Thursday.

The Reserve Bank of Australia had expected unemployment to reach 4.2% by Q2 and peak at 4.4% by mid-2025. Governor Michele Bullock noted following the RBA Board’s decision to hold the cash rate at 4.35% this week that the non-accelerating inflation rate of unemployment is likely between 4-4.5%. (See MNI RBA WATCH: Bullock Stresses Data, Switches To Neutral Tone)

Keep reading...Show less
170 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Australia’s unemployment rate fell 0.4 basis points to 3.7% in February, missing the market’s 4.0% expectation, while employment grew by 116,000, higher than the 40,000 forecasted, data from the Australian Bureau of Statistics showed Thursday.

The Reserve Bank of Australia had expected unemployment to reach 4.2% by Q2 and peak at 4.4% by mid-2025. Governor Michele Bullock noted following the RBA Board’s decision to hold the cash rate at 4.35% this week that the non-accelerating inflation rate of unemployment is likely between 4-4.5%. (See MNI RBA WATCH: Bullock Stresses Data, Switches To Neutral Tone)

Keep reading...Show less