0004 GMT - The Reserve Bank of Australia has a case to cut interest rates next week, but it's likely to be cautious about the strength of the job market. Here, the outcomes are still strong, says Paul Bloxham, chief economist at HSBC. The unemployment rate has continued to track sideways, and it remains the case that wage growth is still running too quickly, given that productivity is falling, he adds. Still, Bloxham sees this as unlikely to stand in the way of a cut in July, but it should leave the RBA cautious. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 03, 2025 20:04 ET (00:04 GMT)

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