Reported 1 day ago
Australia's economy is currently strong, with slowing inflation and a robust labor market, allowing for potential policy easing if necessary, said RBA Governor Michele Bullock. However, she warned of uncertainties in the global environment that could impact consumption and employment. The central bank has adopted a cautious approach to rate cuts, with further easing dependent on economic data. Despite a slowdown in job creation, the unemployment rate remains low at 4.2%, and Bullock expressed confidence in the continued recovery of household consumption.
Source: YAHOO