Reserve Bank keeps close eye on house prices, jobs market

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(news.com.au)

Australia’s recovery from the COVID-19 pandemic is well under way, but there are two factors that could bring the economy unstuck.

Australia’s economic recovery from the COVID-19 pandemic is well under way and in some cases stronger than expected, but there are risks and signs of weakness, showing there’s still a fair way to go to relative stability, central bank minutes suggest.

In minutes from the latest Reserve Bank of Australia meeting released on Tuesday, the board noted there had been strong growth in employment and a welcome decline in the unemployment rate, underpinned by Australia’s success on the health front and very significant fiscal and monetary support.

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