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Lagarde Says Sustainable Finances Key for Economic Stability

European Central Bank President Christine Lagarde stressed the importance of sound public finances when she addressed ministers in charge of budgets from around the world in Thailand.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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The economic week in review

Below is CBA economist Lucinda Jerogin’s round-up of this week’s economic data: Key points: Australia’s seasonally adjusted unemployment rate rose to 4.7% in September on the back of a 39.4k decline…

  • Employment fell by 39.3k in September, participation rate dropped to 66.8%
  • Monetary Policy Board displayed hawkish stance, Governor Bullock more dovish
  • Wage growth steady at 0.8%/quarter, monthly growth dipped to 3.3%/year

More from Saturday 17 October →