Pursuits
RBA Grapples With Uncertain Job Market, Accelerating Housing
- Global inflation risks are ‘more balanced’ than for some time
- Assessing housing market conditions is ‘more complicated’
A man enters the Reserve Bank of Australia headquarters in Sydney, Australia.
Photographer: BloombergThis article is for subscribers only.
Australia’s central bank is struggling to gauge the strength of the labor market and its implications for inflation while house prices on the east coast accelerate.
At the same time, the Reserve Bank of Australia said in minutes of its Nov. 1 meeting in Sydney Tuesday that the risks to the global inflation outlook “were more balanced than they had been for some time.” That follows a rebound in commodity prices and faster forecast growth in major advanced economies.