P206news.today206Wed 28 Oct05:21
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RBA rules out Australian recession despite rising unemployment
The Reserve Bank of Australia has said the economy shows no signs of recession in the near term, despite unemployment rising to 4.7 per cent.
The Reserve Bank of Australia has ruled out the risk of recession over the next six months, despite unemployment climbing to 4.7 per cent in September from 4.1 per cent at the start of 2026. RBA chief economist Sarah Hunter told a senate estimates hearing that indicators do not suggest the economy is heading into recession. Governor Michele Bullock said the central bank is responding to a demand component of inflation through monetary policy, which remains fit for purpose.
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