Australian GDP and RBA recap

In this podcast Gareth Aird, Head of Australian Economics and Belinda Allen, Senior Economist unpack both the Q4 20 GDP result as well as the RBA March Board meeting.  The Australian economy has had a V-shaped economic recovery and we remain optimistic on the outlook for 2021. The RBA is expected to continue with its very easy monetary policy stance, albeit the bond market is pricing in the chance of some future monetary policy tightening due to an improving economy and prospects for higher inflation.  Rapidly rising home prices are also feeding into market speculation on what the RBA does over the period ahead.  We expect the RBA to exit yield curve control later this year.

 

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