RBA: rising participation meant jobless rate to fall only slightly to 5.25 pct by end 2019

Market news

21 November 2017

RBA: rising participation meant jobless rate to fall only slightly to 5.25 pct by end 2019

Local labour market had been surprisingly strong, above-average jobs growth likely to continue
Housing market had eased in all major cities, still relatively strong in Melbourne
Noted importance of data and "evidence-based policymaking" in lifting productivity
Expected gdp growth of around 3 pct over next few years, subdued productivity

RBA minutes: board judged steady policy consistent with inflation, growth goals

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