Headline from RBA Nov Statement on MonPol

By Sophia Rodrigues

RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More If Required

RBA Upside Scenario Sees Jobless Rate At 5.5% End-2021
RBA Downside Scenario Sees Jobless Rate 8.5% End-2022
RBA: Exchange Rate Will Be Lower Than Otherwise Due to QE

RBA: GDP Won’t Return To Pre-Pandemic Level Until End-2021
RBA: Econ To Be Noticeably Smaller By Forecast End Due to Population Slowing
RBA: Population To Grow 0.2% 2020-21, 0.4% 2021-22
RBA: Labor Underutilization Measures To Remain High Thru Forecast Period
RBA: Labor Spare Capacity, Rate It Is Absorbed Both Significant Uncertainty

RBA: Consumer Spending Significant Driver Of Expected Econ Recovery

RBA: Housing Market Poses Risks To Outlook In Both Directions

RBA: Timing, Pace of Service Export Recovery Highly Uncertain

RBA: Rental Price Declines, Weak Overall Demand To Drag On Inflation
RBA: Outlook For Administered Prices, Govt Subsidy Source Of Uncertainty

RBA: Major Partner Growth Forecast Unch Vs Aug But Near-Term Risks Increased