QIC says softening Australian jobs market gives RBA scope to hold rates

Bitget2026/10/16 06:10

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QIC's October 16, 2026, analysis finds Australia's softening labor market gives the RBA scope to hold interest rates steady.
September employment fell by 39,300; unemployment held at an upwardly revised 4.7%.
The jobless rate matches the firm's revised full-employment estimate of 4.7%, suggesting labor conditions remain balanced rather than weak.
The weaker-than-expected jobs report reduced market expectations for a November rate hike, pushing 2-year government bond yields about 5 basis points lower.
Further labor market easing remains necessary to contain inflation, while the Iran war poses an upside risk to prices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QIC Ltd. published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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QIC says softening Australian jobs market gives RBA scope to hold rates

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