After yesterday’s blow-out employment figures, chatter in the market has begun already about the potential for an RBA rate hike. Seems a bit premature, it was only one month’s figures, but there you go.
Citibank, however, says no rate hike this year:
- China growth concerns
- High $A
- Concern about the slow pace of the shift in the Australian economy from mining to on-resource sectors
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(Oh. And something else – not mentioned by Citibank – there’s an election due later this year – September 14 – and a certain RBA Governor wants another term. Wouldn’t want to hike rates under those circumstances now, would we? :-))
