A senior official at Australia's central bank has pointed to indications that the labour market is loosening more quickly than anticipated, while warning against placing too much weight on a single month of figures. Christopher Kent , assistant governor of the Reserve Bank of Australia, made the comments at a banking conference, according to Reuters. Kent , who oversees the RBA's financial markets unit, said markets had reduced the likelihood of another interest rate increase following data last week that showed unemployment unexpectedly reached a five-year high of 4.7% in September, and he indicated that reaction was reasonable.
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