Skip to main content

Tight labour market will delay interest rate relief

The August labour force release provided little justification for the RBA to renege on its pledge to keep interest rates unchanged at least until the end of the year. Not only is employment growth on track to overshoot the RBA's forecasts, but the underemployment rate has fallen a little recently and the decline in job vacancies is far less advanced than in other major economies.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access