RBA updates forecasts, seem too upbeat

The RBA has been the centre of attention this week. In this podcast Gareth Aird, Head of Australian Economics and Belinda Allen, Senior Economist discuss the latest Board Meeting and updated forecasts. In short the RBA remain upbeat on the medium term outlook for the Australian economy and we agree. However the RBA appears too optimistic in the near term given the lockdown in Greater Sydney is set to continue into the December quarter and other parts of the country are going through multiple ‘snap’ lockdowns. 

 

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