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- RBA minutes: jobs data positive, provided further confirmation of improvement in labour market
RBA minutes: jobs data positive, provided further confirmation of improvement in labour market
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Data suggest gdp growth increased in q2, household consumption picked up
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Underemployment still elevated, wage pressures subdued
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Recent rise in employment to support household incomes, spending
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Fiscal policy to be more expansionary in 2017/18 than previously expected
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Too early for tighter lending rules to have full effect on housing market
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Stronger infrastructure spending to have significant positive spillovers to economy
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Repeats a rising AUD would complicate economic rebalancing
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