Jul 23, 2026 – 3.59pmBond traders are all but certain that the Reserve Bank of Australia will raise interest rates for a fourth time this year after June employment figures smashed expectations on Thursday.Markets were swift to react to the 76,300 jump in employment numbers last month against the consensus expected 15,000 increase. The May number was also revised up to 44,000 workers, while the unemployment rate held steady at 4.4 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Traders convinced fourth rate rise on the way after jobs blowout
Markets are pricing in a 36 per cent chance of higher borrowing costs next month, but are more certain of a rate rise by the end of the year.
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