September 2020

September 2020

October 8, 2020

The RBA Board left the cash rate target unchanged at 0.25% at its October meeting, yet expectations of easing in the coming months have emerged. Western Australian retail trade fell by 0.4% in August, with the annual growth rate falling back to 17.9%. Western Australia exported $45.1 billion of goods in the three months to August. Western Australian employment rose by 32.2k in August, while the unemployment rate fell to 7.0%, the second lowest of all mainland states. Western Australian building approvals surged by 33.8% in August.

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