Stephen Miller identifies a modest upward trend in both GDP and private demand growth, which he sees as positive signals for the labour market. However, he raises concerns that the 5% annual rise in unit labour costs poses a challenge to the Reserve Bank of Australia’s (RBA) 2-3% inflation target.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.
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