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AAP

Business

Jacob Shteyman

Healthy jobs market spells rate pain for borrowers

RBA Shane Oliver the Reserve Bank Unemployment Michele Bullock Amp Inflation Interest Rates OECD

Better than expected employment figures have heightened concerns about inflation. (Joel Carrett/AAP PHOTOS)

Analysts are warning mortgage holders an interest rate rise could be just weeks away, after surprisingly strong jobs figures heightened the Reserve Bank of Australia's concerns about inflation.

Forecasters were taken off guard by the resilience of Australia's labour market.

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