AUSTRALIA: The latest jobless data won’t pressure the RBA to raise the
cash rate again in April, economists say in a Sydney Morning Herald
report. But the data could mean borrowers are looking at an interest
rate of 4.5% to 5% by the end of calendar 2010, as more evidence emerges
Australia has shrugged off the global financial crisis mindset. “The
labor market is still extremely healthy, we just cant expect 50,000
jobs to be created every month,” ICAP economist Adam Carr says in the
report. “When you look at the lending numbers yesterday, the softer
employment numbers in February, I think the RBA will hold off in April.”