Daily Commentary BY THE CURVE TEAM –

Daily Insights – Job Ads Up

7 December, 2021

Job Ads Bounce

  • Job ads were up 7.4% in November as lockdowns eased.
  • They are nearly 45% above pre pandemic levels.
  • This should assist the employment market recover lockdown losses.

RBA Today

  • Other central banks have a tightening bent at the moment.
  • The Fed are expected to finish their tapering by March rather than July as initially planned, the Bank of England is expected to raise their cash rate either next meeting or soon thereafter and the Reserve Bank of New Zealand is already at a 0.75% cash rate.
  • With this backdrop, it will be plausible for the RBA to end their QE program early to mid-next year.

Josh Stewart

Associate - Money Markets