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What does a weak labour market hold in store
16 February 2015
Westpac Senior Economist Justin Smirk comments on this week's weak Australian labour market and Glen Stevens' testimonial to the market, specifically the decline in commodity prices impacting our incomes, the concerns about Sydney house prices, and the rate cuts to stimulate the non-mining sector to bring the Australian dollar down further. Plus, looking ahead to next week's minutes from the RBA board meeting highlighting why they cut rates and guidance going forward as well as the Westpac Melbourne Institute Consumer Sentiment Survey.