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| Written by Rates Analyst, on 16-10-2007 03:44 A quick update: Obviously the electino is now being held on Novermber 27. The tax policy released by the Coalition has not really caused the market to look for further rate rises. The probablility of a rise in November is increasing. The main reason for this is that the "dissipating" global liquidity crisis has continued to dissipate. Oh - and while I'm on the topic, the employment figures released last week were not as ambigously strong as the media made out. Generally, the population of Australia rises, so you need about 15-20K of new jobs just to cover the increasing population. The actual figures were +13K overall, but made up of -17K full time and +30K part time. The unemployment rate ticked down, which is good, but the participation rate also fell. |
