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More fires than hires

While markets don't expect the RBA to alter interest rate settings this year (but pricing in two rate hikes next year, according to WBC), the growing labour marketslack, along with A$ strength and still below target inflation put pressure on the Australian central bank for another rate cut.

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Read more: employmentWBCABSunemploymentWestpac Melbourne Institute Index of consumer sentimentAustralian Bureau of StatisticsNAB Business SurveyRBA Assistant Governor Financial System Michele Bullock