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Australia politics live: Hanson fails in bid to refer Payman over citizenship; Thorpe withdraws ‘shut your mouth’ comment to Labor senator

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27.11.2024
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Australia politics live: Hanson fails in bid to refer Payman over citizenship; Thorpe withdraws ‘shut your mouth’ comment to Labor senator

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Labour market steadying as latest monthly CPI result looms

The consensus for much of the year has been the Reserve Bank’s 13-year high interest rates would squeeze demand in the economy, nudge up unemployment and help bring down inflation. And then it could start cutting its cash rate.

And then more recently, we’re actually starting to see [the labour market] tighten.

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