October 2021

October 2021

November 9, 2021

The RBA Board kept its cash rate target unchanged at its November meeting, but removed its 0.10% target for the April 2024 Commonwealth bond yield. The RBA also removed its forward guidance that it did not expect to increase the cash rate from the current level of 0.10% before 2024, conceding that an increase could come earlier.
The Western Australian unemployment rate fell 0.4ppts to 4.1% in September.
The Perth CPI increased 0.8% in Q3 to be up 3.2% YoY.

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