Thought Luci Ellis at about the 10min mark below was good re the RBA missing that the nurses, ADF etc roles that had been filled would peter out and that the drop in employment which might then show up would be larger than the RBA expects.
I'd love to see how that chart looks after tomorrow's employment data and today's WPI are factored into calculations. Shows the power of the RBA's rhetoric, though.
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https://iview.abc.net.au/show/7-30/series/0/video/NC2501H026S00
She said they nearly left it as is this time. Wait and see mode still.
Just ask the guy who said four years of ultra low rates🤣