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Unemployment has increased, but not enough to tame inflation: RBA

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Unemployment has increased, but not enough to tame inflation: RBA

The Reserve Bank has warned unemployment is expected to rise but says the jobs market is still too strong and is fuelling inflation, dashing hopes of a pre-Christmas interest rate cut.

Stronger than expected employment is one of the reasons RBA governor Michele Bullock last month effectively ruled out cutting the cash rate from 4.35 per cent this year, despite a sharp slowdown in economic growth.

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#Unemployment #increased #tame #inflation #RBA

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