EY Oceania: RBA Unlikely to Change Outlook

The transcript discusses the Reserve Bank of Australia's (RBA) policy amidst a faster-than-expected economic recovery. It highlights the challenges of achieving wage and inflation growth due to spare capacity in the labor market. The upcoming monetary update and federal budget are expected to show revisions in unemployment forecasts and GDP growth. The transcript also addresses the risks posed by China-Australia trade tensions and the economic impact of Australia's border policies during the COVID-19 pandemic.

What are the expected changes in the federal budget regarding spending?

How might the relationship with China impact Australia's economy?

What are the implications of the Australian government's border policies on economic recovery?