Reserve Bank charts course for jobs surge but wages will still struggle
Ahead of Friday s second Statement of Monetary Policy for the year, RBA governor Philip Lowe is the most optimistic he s been for a year.
Reserve Bank Governor Philip Lowe (Image: AAP/Joel Carrett)
Next week s budget will be presented in what will be the most propitious economic circumstances in years according to the Reserve Bank of Australia (RBA).
This Friday will see the RBA release its second Statement of Monetary Policy for the year, and governor Philip Lowe yesterday gave us a preview with his post-meeting statement from the May board meeting. It suggests the most optimism issued by the central bank for more than a year so much so that one key part of its groundbreaking monetary policy relaxation was all but terminated.