Growth in employment this year is likely to be substantially lower than over the past year. In that sort of environment, we forecast the central bank will leave interest rates unchanged for the rest of the year.
These reports provide further reasons for interest rates to remain on hold.
Employment is likely to be much weaker going forward and the jobless rate will keep rising as the economy cools. Interest rates are on hold.
There's no need for the central bank to raise interest rates again.
The interest-rate advantage with the U.S. will continue to narrow and that will weigh on the Australian dollar.