The Australian Financial Review --- Page: 29 : 13 April 2007 Original article by Corinne Lim
ABIX Summary
Some analysts believe that Australia's latest labour market data will prompt the Reserve Bank to raise official interest rates in May 2007. The figures show that the unemployment rate fell from 4.6 per cent to just 4.5 per cent in March, its lowest level in more than three decades. Sally Auld of the ANZ Bank says a 0.25 per cent rise in interest rates in May is highly probable, although she concedes that disappointing CPI data or a downturn in the US economy could see rates remain on hold for another month.
