Goldman Sees RBA's First Hike in Nov. 2022

The transcript discusses the economic conditions in Australia, focusing on the Reserve Bank of Australia's (RBA) potential actions regarding interest rates and quantitative easing (QE). It highlights the impact of COVID-19 on wages growth and the economy, the criteria for ending the QE program, and the influence of commodity prices on the Aussie dollar. The discussion also covers the effects of border reopenings on the labor market and the anticipated economic recovery following the Omicron variant's impact.

What impact do you expect the reopening of borders to have on wage growth and inflation?

How does the labor market recovery in Australia differ from that in the US?

What are the expected economic conditions in Australia for the year 2022?