RBA Says Jobs, Housing Still Need Monitoring

RBA Says Jobs, Housing Still Need Monitoring

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Business

University

Hard

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The transcript discusses the Reserve Bank of Australia's (RBA) observations on the economic data for the June quarter, noting positive trends despite some disruptions. It highlights improvements in the labor market but expresses concerns over wage growth and household debt. The RBA's stance on inflation, influenced by global trends and oil prices, is also covered. The transcript further explores the impact of household debt on the property market and the behavior of the Australian dollar following the RBA minutes. Overall, the RBA remains cautious about joining global economic tightening trends.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main reasons for the slower GDP growth in the June quarter?

Increased consumer spending

Cyclone Debbie's impact on coal exports

Higher interest rates

Strong Australian dollar

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the RBA's concern despite the improvement in the labor market?

Decreasing employment

Wages growth

Rising interest rates

High inflation rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What global factor is partly blamed for low core inflation?

High oil prices

Low oil prices

Weak global demand

Strong global demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern related to Australian households mentioned in the transcript?

High leverage

Low savings rates

Decreasing property values

Increasing unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the Australian dollar react to the RBA minutes?

It depreciated slightly

It appreciated strongly

It remained stable

It depreciated significantly