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Increasing real interest rates, Victorian lockdown make RBA decision tougher – Sydney Morning Herald
The unfolding economic disaster in Victoria could force the Reserve Bank to consider an unusual proposal floated late last month.
Data from ANZ Banking Group on Monday suggests the outbreak in Victoria is already weighing on what was the weakest jobs market since the 1990-91 recession. Job ads rose by 17 per cent in July but the bank reported there was a slowdown through the final fortnight of the month.
Despite the increase, total job ads were 55,000, or more than a third, down on the same time last year.
ANZ senior economist Catherine Birch said there were also indicators suggesting the jobs market was troubled.
“Payr…
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