In November 2020, the Reserve Bank of Australia (RBA) cut Australia’s interest rate to the historic low of 0.10 per cent. A year later, the RBA is forecasting this rate will stay in place for at least another year.
Senior Investment Manager, Jukka Viljanmaa, takes a look at the factors that are contributing to the recent lift in inflation, which refers to the way the price of goods, services and assets rise over time.
Jukka Viljanmaa, Senior Investment Manager, takes a closer look at the monthly labour force data, the underlying employment conditions, and what we can expect from unemployment rates over the coming months.
As the Reserve Bank of Australia (RBA) again kept rates on hold in August 2021, Senior Investment Manager for TPT Wealth, Jukka Viljanmaa explains the labour market will have to tighten further, and wage growth rise significantly, before investors see cash rate increase.