RBA on Hold, Mission Accomplished?
Manage episode 372810788 series 1254554
Quick update from Peter Esho about today's RBA decision to leave rates on hold.
Key topics explored in this video include: * Peter's perspective on the RBA's decision to maintain interest rates, highlighting a shift towards a balanced bias and its divergence from the strategies of other global central banks. * Esho's evaluation of recent inflation trends, specifically focusing on the trimmed mean measure, and how the RBA is reacting to these shifts. * An analysis of recent retail sales data and its implications for Australia's economic outlook and potential impact on RBA's future decisions. * Peter's expert commentary on the current state of the Australian housing market amidst the ongoing pandemic, touching on property prices, supply and demand dynamics, and likely future trajectories. * Possible outcomes for the Australian dollar in the global economic context and why, in Esho's view, Australia maintains its appeal.
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