Goldman Sachs: Q4 improvement in full-time employment will alleviate RBA concern

Dhwani Mehta FXStreet

Economist at Goldman Sachs provides a brief insight on the future policy course of the RBA, particularly in light of today’s Aus jobs report.

Key Headlines via Bloomberg:

Evidence increasing that Australia is at a positive transition point for nominal growth, inflation and wages

Unemployment rate has been unchanged over 9 consecutive months (trend basis). Today's rise partly reflects a rebound in participation rate

Q4 improvement in full-time employment will alleviate RBA concern

If downside tail risks continue to subside and broader momentum improve as expected, RBA's next policy move will be 25bp hike in 1Q 2018

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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