About Us
Services
Sectors
Resources
Contact
Search
Back to Daily Insights
Daily Flows
A BBB bank is continuing to offer leading rates in the market to attract term deposits.
Flexibility in the 6 months is available as this is their preferred term.
NCD activity has been quiet, with rolls going through at +45 for 3 months.
Volatile Month for Labour Market Survey
Employment ticked up by 65K with part time employment driven the majority of this (62K part time).
The participation and unemployment rate remained steady (participation rate 67%, unemployment 3.7%)
This is a significant rebound from last months seasonally driven low print.
The Labour Force Survey tends to be quite a volatile print.
Looking at the latest 3 month average, the employment rate remains stable at 30K.
The average rate is in line with the broader view, the labour market remains tight.
Gradual increases in unemployment are expected which will help calm the RBAs nerves as it may dampen labour cost influences on inflation.
Share this entry
Curve Team
Jack Pedersen
For daily rates and portfolio data, visit: