Australian ANZ Job Advertisements for October +0.3% m/m (prior +2.3%)

ANZ-Indeed Australian Job Ads up 0.3% m/m in October 2024

• prior revised from +1.6% to +2.3%

This indicator showing a still steady to strong labour market (like official figures do.

Earlier we had a rising inflation indicator:

• Australian October Melbourne Institute Inflation Gauge +0.3% m/m (prior +0.1%)

The Reserve Bank of Australia is meeting today and tomorrow. No change is expected:

• The RBA meeting next week marks a year of unchanged cash rate at 4.35% – no cut until 2025
• Its unanimous, Reserve Bank of Australia to hold cash rate at 4.35% at next week’s meeting

This article was written by Eamonn Sheridan at www.forexlive.com.