Weakening job ads have pointed to rising unemployment in the months ahead, but may spur lower interest rates
A further RBA rate cut is widely tipped for tomorrow, on the heels of disappointing retail figures, falling house prices and continued woes in Europe
Brokers reacted to yesterday's bank interest rate rises and stronger than expected employment figures with cautious optimism. There was anger, however, at the role the mainstream media had played in stirring up public concern.
ANZ bank is the first to announce it will raise rates following the RBA's decision to increase the official cash rate by .25%.
The RBA has today raised rates for the first time since March last year, pushing up the cash rate by 25bps to 3.25%
Loan Market Group has slammed the RBA for lifting interest rates today, saying it has put "a healthy housing market in jeopardy".