Australia central banker sees signs of labour market easing

RBA’s Kent says labour market softening faster than forecast

Australia’s labour market is showing signs it is softening faster than the central bank expected, Reserve Bank assistant governor Christopher Kent says.

Australia central banker sees signs of labour market easing

SYDNEY, Oct 19 (Reuters) - A senior Australian central banker flagged on Monday signs that the labour market was loosening faster than expected, but ​cautioned against reading too much into a ‌month of data. Christopher Kent, assistant governor of the ...

RBA's Kent Questions Rate Restrictiveness as Labor Market Cools Faster Than Expected - ActionForex

Reserve Bank of Australia Assistant Governor Christopher Kent questioned whether monetary policy is sufficiently restrictive despite four interest rate increases this year, pointing to evidence that neutral interest rates may be rising both domestically and globally. Speaking at a banking conference on Monday, October 19, Kent expressed confidence that policy is “somewhat restrictive”, but said […]