Aussie Weekly: RBA pivots dovish before shock fall in unemployment rate pares rate cut hopes

CommBank Global Economic & Markets Update podcast

It was a wild week for Australian financial market participants. The much-awaited dovish pivot from the RBA Board arrived on Tuesday with both the statement and post-meeting press conference striking a more optimistic tone on inflation and the outlook for policy. But this renewed market optimism around the prospect of a February rate cut took a hit when the unemployment rate fell to 3.9% in data out on Thursday. In our final Aussie Weekly of the year, Senior Economist Stephen Wu and Economist Harry Ottley discuss the developments from last week and their implications, and briefly preview the light data flow out in the coming week.

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