‘Real conundrum’: Jobs data weakens case for interest rate cuts
Deutsche Bank Chief Economist Philip O’Donaghoe discusses the risks surrounding bringing inflation down in Australia amid interest rate cut case weakening from the latest job data.
“The real conundrum we are facing here, we know the RBA wants to see inflation getting back to target,” Mr O’Donaghoe told Sky News Australia.
“We have got about a percentage point to go.”
22 comments
Do you Human Shields 🛡️get a interest cut also ?
I would love to work if I can find a job. Being applying since May n only 2 interviews so far where I was unsuccessful. Wonder where the jobs have been created.
Human Shields 🛡️ got alot out of this update.
Thankyou.
Is there a Factory that makes Human Shields like Surfboards ?
Uber economy is kinda hollow huh? It's tax free if under 18,200… easy to make cash friends and networks. "Highest taxed people". Go chase the top 200.
Why even report on interest rate cuts. If they cut it will likely be one or 2 .25 cuts. They won't fall for making them 0.10 agian
No one talks about productivity. You never mention who is employing the people it is government!
Labor flooded our country with immigrants to avoid a recession, putting pressure on housing, wages, and we still have a recession.
To my Australian brothers and sisters you are not alone. They are clearly lying to us about where our taxes are going. Much love from the USA. These rare cuts mean nothing to us regular people
Government needs to stop printing money!
Interest rates should be fixed at 6.25%!
Immigration needs to stop for 5 years!
Everything in our country is in danger.
More tax = more waste. Is anyone seriously making ends meet despite being employed and on a good income?! Seriously out of touch with the reality of the struggle of everyday families. A global economic collapse is on the horizon and Australia is detatched from that reality.
Another great interview Ross… 👍👍
You two idiots remind of the plebs rushing to buy gold. You're perspective is worthless.
Banana economics by Labor… make all the key macro metrics look good but on a personal level we are getting poorer and struggling.
GDP, unemployment, a surplus all manipulated to the peril of per capita metrics.
The labour rate is false . If you work 4 hrs a week. That's classed as a full-time job.
Labour always stuff ups the country but people keep putting them in until you lose your home and job you think there great I don't I lived through the 1980 with interest rates at 18%unemployment high all under Labour when will people learn Labour and the greens care for nomone but themselves
Where have all these jobs been created, small businesses have been going under more than ever. Increasing public sector jobs does not help productivity and only increase the burden on tax payers that have to pay for them.
Remember…the majority of jobs created atm are in the public sector..not private. Typical Labor govt move..both satte and federal
Gold is going to the moon in aud. That means they're printing money that means more inflation and more rate hikes.
Lower interest rates are not such good news..Those who rely on bank interest to generate a little bit of extra cash via their modest savings accounts have been stuffed for years..Continuing low rates combined with rapid and excessive population growth will only ensure that the housing crisis continues and household debt will also continue to increase.
.Money is far too cheap to borrow.Anyone who can't pay 10% on a loan has.obviously borrowed too much.money
Most of these people are prob casuals and could only work so many hours per day or weekly and this is probably why unemployment is down 🤔
Won't be a cut till government gets its shit under control