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VIEW: Betashares - Jobs Contraction Not Enough To Stop Feb RBA Move

AUSTRALIA

Betashares chief economist Bassanese has said that today’s weaker-than-expected employment data is unlikely to stop the RBA from hiking rates again at its February meeting. He notes that the data maybe an early indication that the labour market is slowing but could also reflect the shortage of suitable workers but the increase in immigration should take some of the heat out going forward. (The Australian)

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