Australia’s employment figures to be released on Thursday will be the “most important” factor of the RBA’s decision in April, says Independent Economist Warren Hogan.
His comments come as Goldman Sachs forecasts the US Federal Reserve will pause its rate hikes next week following the SVB collapse.
“They’ll be keeping an eye on what’s happening in markets overseas but in the end – the employment numbers are most important,” Mr Hogan told Sky News host Ross Greenwood.“So unless the situation overseas deteriorates, the RBA’s decision in April will largely be the same as it was last week,” Mr Hogan said.
“And that’s whether or not they think they need to get to 3.85 before a pause – or whether or not some softer data here plus these new developments in the US mean that they pause from now.”