Aussie business confidence isnt getting the sort of boost post-election many had hoped/expected. Today's data confirms that and if you look at the employment sub-index this added to yesterdays poor ANZ job ad's, falling to -8 from -3. How some are calling rate hikes from the RBA is beyond me.
Comments
Chris Weston
I feel employment will remain a major gauge on rates. However, I think you're right though, rates are on hold for now (and likely for sometime)
James Marlay
Interview with Matt Haupt from Wilsons also suggests signs of economic weakness in the second half of 2013. Based on recent commentary from the RBA you would assume rates are on hold for now and perhaps the next big sounding board will be corporate earnings in February next year.