Economics
Australia Signals Hawkish Tack on Rates Amid Price Pressures
- Unemployment at a 13-year low of 4% and forecast to head lower
- CPI, wages data on April 27 and May 18, respectively, now key
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Australia’s central bank opened the door to earlier interest-rate increases by scrapping a reference to remaining “patient” on policy and signaling that the timing of liftoff would depend on forthcoming data.