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AAP
AAP
Business
Jacob Shteyman

Signs point to RBA fine tuning, rather than hike spree

RBA CBA Economy My Bui ABS
About 21,000 jobs were added to the economy in January, showing the jobs market is in good shape. (Joel Carrett/AAP PHOTOS)

Fresh figures have allayed fears of a tightening in Australia's labour market, which should rule out the Reserve Bank returning to a major rate-hiking cycle.

Australia's economy added an estimated 21,000 jobs in January, while wages grew by 0.8 per cent over the quarter, according to Commonwealth Bank data drawn on de-identified salary payments from about 400,000 CBA accounts.

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