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Vital Signs. The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way – The Conversation AU
The bank’s decision to focus on just one thing puts the onus on the government to take action to rein in home prices.
Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours.
They suggest that (first) the economy is improving, and (second) the bank is not going to let up on driving that improvement, not for anything including concern about climbing home prices until it has pushed unemployment down and wage growth back up to where it believes it should be.
The first insight was…
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